Tesla CEO Elon Musk continues to monetized shares of his company on a large scale after a spectacular Twitter vote. The star entrepreneur recently increased the price of another 934,000 securities for about 1.05 billion US dollars, as was evident in the night to Wednesday from mandatory notifications to the US Federal Supervisory Authority.
Musk has already divested himself of a total of 9.2 million Tesla shares worth about 9.9 billion dollars (8.8 billion euros) since he pledged to sell ten percent of his stake in the electric car manufacturer two and a half weeks ago in the course of a Twitter vote.
Only the half of the promised sales
In order to achieve this goal, however, Musk has to kill significantly more Tesla shares – so far, according to calculations by the financial service Bloomberg, he has done a little more than the half of the promised sales. Musk is Tesla’s largest single actionr.
Musk had started the Twitter vote against the background of a debate about tax avoidance by multibillions. The Tesla boss is considered the richest person in the world with a estimated margin of around 300 billion dollars. But his wealth is largely based on equity investments, which are only taxed on a sale. (dpa/swi)
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