Elon Musk
Tesla boss sells another large block of shares
At least on paper, he is by far the richest person in the world: Elon Musk. Photo: Patrick Pleul / dpa
© dpa-infocom GmbH
According to his Twitter poll, Tesla boss Elon Musk is again selling other shares in his group. This time he is selling papers valued at around $ 930 million.
Tesla boss Elon Musk is making great strides in the sale of shares that he initiated with a Twitter poll.
He sold papers from the electric car maker valued at around $ 930 million on Monday. Previously, he redeemed a further part of his stock options. Like a similar sale a week earlier, the transactions are part of a plan set in mid-September, according to notifications to the US Securities and Exchange Commission.
Musk had Twitter users vote a good week ago whether he should part with ten percent of his Tesla stake in order to pay more taxes. The proposal prevailed with around 58 percent of the votes cast. The package was worth around $ 21 billion at the time, but the stock price fell according to the survey.
Since the Twitter vote, Musk has now sold a total of approximately $ 7.8 billion in shares. Of this, around two billion dollars go back to the September sales plan with the drawing of the stock options, as previous Tesla announcements show.
Musk has until the end of August 2022 to redeem 2012 options on more than 20 million shares. Otherwise they will expire. As with the first package a week ago, these papers were priced at $ 6.24. The Tesla boss has to pay taxes on the difference to the current exchange rate of a good $ 1,000. By drawing the options, Musk still holds around 167.5 million Tesla shares after the most recent sale.
Musk had said to the Twitter poll that sales of stocks are the only way for him to pay taxes because he does not receive any salary or bonus payments from Tesla. As by far the richest person in the world, at least on paper, he has recently been increasingly confronted with demands to contribute more to the common good.