Elon Musk sold over 5.1 million Tesla shares this week, worth $ 6.9 billion. An operation that sent the car manufacturer’s share to the stock market, with a weekly collapse of 15.4%.
The massive sale of shares by the CEO came after the outcome of the poll launched by Musk himself on Twitter, in which millions of people voted. Provocatively, in the face of the debate on the taxation of financial assets, the visionary South African billionaire asked his followers whether or not to sell 10 percent of his stake and almost 58% of the 3.5 million votes cast were in favor of the sale.
According to the latest documents filed with the Securities and Exchange Commission, Musk still holds approximately 167 million Tesla shares. The sale of Musk’s shares will be subject to a capital gains tax of at least $ 1.4 billion.
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Source From: Ansa
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