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Tuesday, December 7, 2021

Elon Musk has sold part of Tesla shares

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Elon Musk got rid of a stake of Tesla shares worth a total of $ 6.9 billion last week, the Reuters news agency said. The market value of the electric car maker has shrunk by approximately $ 187 billion. According to the Bloomberg Billionaires Index, Musk’s estimated fortune decreased by $ 8.07 billion, but he still remains the clear leader of the list of the richest people in the world.

On Saturday, November 6 Elon Musk declared on Twitterthat he would sell 10 percent, or approximately 17 million, of Tesla shares he owns if site users support the move. Ultimately, 57.9 percent were in favor of selling the shares. people who took part in the poll created by the billionaire.

Tesla CEO went on to fulfill the commitment last week. The Reuters agency reported that the billionaire has sold 6.36 million shares in recent days, or about 37 percent. from 17 million. The information provided by the US Securities and Exchange Commission shows that last Friday alone, Elon Musk sold 1.2 million shares for over 1.2 billion dollars.

As indicated, it now needs to get rid of about 10 million more shares to fulfill its pledge.

Elon MuskShutterstock

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Tesla – quotes

Tesla ended last week’s listing in red. The value of shares fell by 2.83 percent on Friday. to over $ 1,033 a share. Thus, the 11-week series in which Tesla shares gained in value was interrupted.

Electric car manufacturer shares fell 15.4% this week, which translated into a fall in market value of around $ 187 billion, more than the combined market capitalization of Ford Motor and General Motors, for example, the Reuters news agency pointed out.

Tesla’s listing in the last ten daysstooq.pl

Since the beginning of the year, the company’s shares have increased by 46.45 percent, and capitalization for the first time in history exceeded $ 1 trillion.

Main photo source: Shutterstock



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