Kyiv.Ukraine.Ukraine Gate – November 13,2021- Tesla CEO Elon Musk sold $6.9 billion worth of stock this week.
According to documents filed with the US Securities and Exchange Commission, Musk sold 1.2 million shares, valued at more than $1.2 billion, on Friday alone.
In total, he has already sold 6.36 million shares this week.
Mask now needs to sell another 10 million shares of Tesla stock to make good on its promise to sell 10% of the automaker.
Tesla’s stock price closed its weekly trading on Friday, down 2.8% to $1,033.42 after an 11-week high.
Elon Musk also asked Twitter users whether he should sell 10% of his Tesla stock, saying he would follow the survey results.
Over 3.5 million users voted, and nearly 58% supported the sale. The market’s reaction was to lower the price of Tesla’s stock. According to Bloomberg, because of this, Musk lost more wealth than Amazon founder Jeff Bezos – in a divorce from his wife.
