ELON MUSK separates $ 1.1 billion from Tesla shares

The boss of the electric vehicle group announced this weekend wanting to sell 10% of his titles to pay his taxes.

Le Monde with AFP

This is rich of $ 1.1 billion more. The founder and general manager of Tesla, Elon Musk, sold Monday, November 8 for more than $ 1 billion of electric vehicle manufacturer’s shares, having announced this weekend he was considering separating from 10% of his titles.

According to documents filed Wednesday with the American regulator of the markets, the dry, the richest man in the world has yielded about 930,000 titles on the only day of Monday.

SATURDAY, THE FIABILAGE had carried out a poll, since his Twitter account, to know whether or not to separate 10% of his Tesla shares in order, he said, to pay his taxes. He argued that it was the only way for him to pay it, since he does not touch any salary of the firm of electric vehicles. Some 57.9% of the 3.5 million voters had responded favorably.

MUCH IS MADE LATELY OF UNREALIZED GAINS Being to Means of Tax Avoidance, SO I offers Selling 10% of My Tesla stock.
Do you support this?

– Elonmusk (@elon musk)

Monday, at the opening of Wall Street, the title had fallen, letting go up to 7.2% while the market feared that the boss boss does be executed and imbalanced, to him alone, the offer and The demand for actions of the manufacturer.

A sale triggered in September 2020

The actions sold on Monday by ELON MUSK have therefore been at a price significantly lower than if he had ceded them before his tweet, the losing contractor, in passing, several tens of millions of dollars of unrealized profits .

The document also reveals that the facious businessman had initiated the sale as early as September 14 and therefore did not determine according to the poll.

At the end of the operation, Elon Musk still held, according to the document filed with the SEC, 1.22 million TESLA shares in open access and 170 other million housed in a trust, of a Total value of $ 183 billion at Wednesday’s closing price.

Monday, the founder of Tesla had also exercised 2.15 million stock options, which allowed him to buy as many titles at $ 6.24 exhibit, less than 1% of their present value.

After having lost 11.99% Tuesday, still leaded by the announcement of Elon Musk, the Tesla action ended up bouncing Wednesday and closed up 4.34%.

/Media reports.