Elon Musk Live Updates: Tesla CEO Sells Over $5bn in Shares After Controversial Twitter Poll
http://www.newsweek.com/elon-musk-tesla-shares-live-updates-1648240
Tesla CEO Elon Musk has sold millions of shares in the electric car company, raising over $5 billion after a controversial Twitter poll about his tax bill. The sales amount to around three percent of Musk's stake in the company but still leaves him as the largest shareholder in the company.
Last weekend, he said he would sell 10 percent of his holdings in the company, worth more than $20 billion, based on the results of a poll he conducted on Twitter. The sale tweets caused a panicked sell-off of Tesla stock earlier this week but it recovered slightly yesterday, with shares up 2.6 percent to $1,096.