NewsWorldElon Musk sells more than 6,700 million shares of...

Elon Musk sells more than 6,700 million shares of Tesla


The CEO of the automobile firm Tesla, Elon Musk, has sold company shares worth more than 6,900 million dollars (6,748 million euros at current exchange rates), according to documents from the United States Securities and Exchange Commission ( SEC) consulted by Europa Press. Specifically, the richest man in the world has sold 7.92 million shares of the more than 162.9 million titles he owned. Thus, Musk would have sold 4.86% of his stake in the company and more than 12% in the last year. Tesla falls 2.44% in operations prior to the opening of the market this Wednesday with a price of 850 dollars per share (831.1 euros) compared to Tuesday’s close of 871.27 dollars (851.9 euros) on the New York Stock Exchange. Last April, the founder of the electrical firm also got rid of 4.42 million shares worth 4,000 million dollars (3,911 million euros), 2.68% of its participation, after the failed purchase of the social network Twitter. In addition, in November last year, Musk It has already sold almost 10% of its stake in the company after conducting a survey on the aforementioned social network. In it, the followers of Elon Musk voted in favor of the sale of that 10% of his participation, valued at about 21,000 million dollars (20,535 million euros). Thus, by the end of the year, the manager got rid of an 8 % of his participation in the company, by selling more than 13.46 million shares out of the total of 170.5 million titles that he owned then (around 17% of the company’s capital), for a total amount of 14,100 million dollars (13,787 million euros).


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