Monday, May 27, 2024

Elon Musk sells Tesla stock this week worth $6.9bn after Twitter poll troll

San Francisco: Tech billionaire Elon Musk has sold roughly $6.9 billion worth of Tesla stocks this week in one of the largest-ever stock disposals by a chief executive over a several-day period.

According to a regulatory filing made public on late Friday, the Tesla CEO reported selling 1.2 million shares on Friday, worth more than $1.2 billion, reports The Wall Street Journal.

Those sales came on top of more than $5.6 billion worth of stock sales earlier this week.

Recently, a report said that initial filings in the US showed that Musk had sold 934,091 shares for about $1.1 billion, out of more than 2.1 million options he received as part of a compensation package.

The filings that were posted later on Wednesday with the US Securities and Exchange Commission (SEC) showed that Musk sold another 3.58 million shares in Tesla. That sale was valued at about $4 billion.

The world’s richest man had earlier posted two of the costliest tweets in the history of Global Inc.

In a tweet announcing the poll over the weekend, Musk said: “Much is made lately of unrealised gains being a means of tax avoidance, so I propose selling 10 per cent of my Tesla stock.

“I will abide by the results of this poll, whichever way it goes.”

Nearly 58 per cent of Elon Musk’s followers who participated in his Twitter poll told him to sell 10 per cent of his stock (worth $24 billion) in the electric car company, ostensibly to pay more tax.

Related Articles

Woman Trampled To Death By Elephant In Sundargarh

0
Koida: A woman was reportedly trampled to death by a wild elephant at Kusumdihi village under Koida forest range in Odisha’s Sundargarh district today. The deceased...

ED Raid At Locations Associated With Artha Tatwa Group In Odisha;...

0
Bhubaneswar: The Enforcement Directorate (ED) has carried out search operations at various locations in Odisha in connection with the multi-crore chitfund scam in the...

Dr Rabindra Narayan Behera is all set to Contest Ensuing Election

0
Bhubaneswar: Former Senior Director of National Informatics Centre Dr Rabindra Narayan Behera is all set to contest in the ensuing election, on the Bharatiya...

School Bus Runs Over Girl In Odisha Capita

0
Bhubaneswar: A young girl was crushed under the wheels of a school bus in Odisha capital here today. The incident took place when the girl...

Laxmi Bus Service Inaugurated In 5 More Odisha Districts

0
Bhubaneswar: Chief Minister Naveen Patnaik today inaugurated LAccMI bus services in five more districts to provide affordable transportation for rural people. He flagged off the affordable...

Karnataka Sculptor Yogiraj Arun’s Ram Lalla To Be Installed In Ayodhya...

0
New Delhi, Jan 2: With the country counting down to the grand 'Pran-Pratishtha' ceremony of Ram Lalla in Ayodhya, the idol carved by sculptor Yogiraj Arun...

South Korean Opposition Leader Lee Jae-Myung Attacked During Visit To Busan

0
Seoul, Jan 2: South Korea's opposition party chief, Lee Jae-myung, was attacked during his visit to the southeastern port city of Busan on Tuesday, Yonhap...

Second Bilasuni Mahotsava Becomes a Massive Success

0
Bhubaneswar/ Cuttack : Second Bilasuni Mahotsava was held at picturesque village Bilasuni in Block Niali of Cuttack District with much pomp, splendour and fanfare....

Rourkela Assistant Collector’s Mysterious Demise: Murder Ruled Out, Investigation Continues

0
Rourkela: In the ongoing investigation surrounding the tragic demise of Sushmita Minz, the Assistant Collector of Rourkela in Sundargarh district, the Human Rights Protection...

Cybersecurity Wake-Up Call: India Tops Global Cyberattack Targets in 2022

0
New Delhi: A recent report has disclosed that India stands out as the primary target for cyberattacks, comprising 13.7% of all such incidents globally....

Opportunity Alert: UPSC Seeks Consultants for Assistant Section Officer Role

0
The Union Public Service Commission (UPSC) has released a recruitment advertisement for the position of Consultants (Assistant Section Officer Level) at its New Delhi...

Crisis and Redemption: WeWork’s Bold Move to Reinvent Itself Through Bankruptcy

0
WeWork, the office-sharing company, has formally filed for Chapter 11 bankruptcy protection in a federal court in New Jersey. The company reported that it...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

22,878FansLike
3,912FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

- Advertisement -