Elon Musk Has Sold $5.69B in Tesla Shares This Week, Still Owns 17 Percent of Company

Elon Musk Has Sold $5.69B in Tesla Shares This Week, Still Owns 17 Percent of Company

3 years ago
Anonymous $FNmJglWnLu

http://www.newsweek.com/elon-musk-has-sold-569b-tesla-shares-this-week-still-owns-17-percent-company-1648772

Tesla CEO Elon Musk has sold around 5.1 million shares, totaling about $5.69 billion, this week.

The U.S. Securities and Exchange Commission reported that around 640,000 shares were sold across two recent filings from November 11. These extensive sharings over the past week come after Musk pledged to sell 10 percent of his Tesla holdings. His sales currently amount to just over 3 percent of his stake in the vehicle manufacturer, leaving him with just under 17 percent of the company.