Musk: I'll sell 10% of Tesla stock based on Twitter poll
https://apnews.com/e66cfa52d9dc0162c7171f698e060d34
Tesla shares slumped about 5% in premarket trading after its CEO Elon Musk said he would sell 10% of his holdings — about $20 billion worth — in the electric car maker based on the results of a poll he conducted on Twitter over the weekend.
Musk said he would abide by the results of the poll, which ended with 58% of more than 3.5 million votes calling for him to sell the stock. Musk owns about 17% of the 1 billion outstanding Tesla shares. If he sold 10% of his holdings at their current price of around $1,170 per share, it would net him around $20 billion.
Musk: I'll sell 10% of Tesla stock based on Twitter poll
Nov 8, 2021, 1:17pm UTC
https://apnews.com/e66cfa52d9dc0162c7171f698e060d34
> Tesla shares slumped about 5% in premarket trading after its CEO Elon Musk said he would sell 10% of his holdings — about $20 billion worth — in the electric car maker based on the results of a poll he conducted on Twitter over the weekend.
> Musk said he would abide by the results of the poll, which ended with 58% of more than 3.5 million votes calling for him to sell the stock. Musk owns about 17% of the 1 billion outstanding Tesla shares. If he sold 10% of his holdings at their current price of around $1,170 per share, it would net him around $20 billion.