Elon Musk sells $4.8 billion worth of Tesla shares
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Elon Musk, the CEO of Tesla, sold $4.8 billion worth of the electric automaker's stock on Tuesday, a day after the Twitter board decided to sell the social media platform to him in a deal valued at $44 billion. According to filings with the Securities and Exchange Commission, Musk sold 5.3 million shares of Tesla stock for an average price of $905.30. The sales account for barely 3.1 percent of the Tesla shares he owned outright at the start of Tuesday's trading session, and less than 2% of his overall Tesla holdings when stock options he owns are factored in.
Elon Musk sells $4.8 billion worth of Tesla shares
Elon Musk sells $4.8 billion worth of Tesla…
Elon Musk sells $4.8 billion worth of Tesla shares
Elon Musk, the CEO of Tesla, sold $4.8 billion worth of the electric automaker's stock on Tuesday, a day after the Twitter board decided to sell the social media platform to him in a deal valued at $44 billion. According to filings with the Securities and Exchange Commission, Musk sold 5.3 million shares of Tesla stock for an average price of $905.30. The sales account for barely 3.1 percent of the Tesla shares he owned outright at the start of Tuesday's trading session, and less than 2% of his overall Tesla holdings when stock options he owns are factored in.