Tesla boss Elon Musk has sold another $930 million worth of Tesla shares. Thus, Musk’s total share sales in Tesla approached $ 8 billion.
Tesla CEO Elon Musk traded more stocks. The company continued the streak of selling that caused the company’s shares to plunge the most since March 2020 last week. Musk, the wealthiest person in the world, sold more than 934 thousand shares on Monday for approximately $ 930 million.
Musk sold $6.9 billion in shares last week, right after his unconventional Twitter poll on whether to sell 10 percent of his stake in Tesla. These sales were used to help Musk pay the taxes arising from exercising his 2.1 million options.
Musk Replied to Senator Bernie Sanders on Twitter
Musk’s survey and stock sales come at a time when the US was debating whether the rich pay enough taxes.
“We must demand that the ultra-wealthy pay their fair share,” Senator Bernie Sanders tweeted over the weekend, and Tesla’s boss responded, “You want me to sell more shares, Bernie? Just say it….”
Some of the share sales were made as part of a pre-arranged trading plan established in September. The Tesla CEO has millions of stock options that must be traded by August of next year, and Musk didn’t address this in the survey. Musk mentioned in September that he would likely trade “a large amount” of options towards the end of the year.
Musk needs to sell 17 million more Tesla shares to reach the 10% share sale, as he stated in his survey.
