Once again, the company's founder has sold Tesla shares. As at the beginning of December, he sells 934,000 papers for around one billion US dollars.

Musk has Tesla- Shares sold for a billion dollars.

 Elon Musk sells Tesla shares for a billion dollars

So far, Musk has sold around 15.6 million Tesla shares .

Elon Musk sells Tesla shares for well over a billion dollars

Musk had Twitter users vote whether he should sell ten percent of his Tesla shares.

That's what

  • Elon Musk has again sold Tesla shares.

  • With this, he is getting closer to the goal of selling a tenth of his shares in the electric car manufacturer.

  • Musk had Twitter users vote whether he should part with ten percent of his Tesla shares in order to pay more taxes.

Tesla boss Elon Musk cashed in further shares in the US electric car maker after the Twitter vote. The currently richest person in the world sold around 934,000 shares to the value of 1.02 billion US dollars (around 936 million Swiss francs), according to a message to the US Securities and Exchange Commission. This brings the Tesla boss closer to his goal of reducing his stake in Tesla by ten percent.

At the beginning of November, Musk agreed to sell a tenth of his shares in the electric car manufacturer via a vote on Twitter. Since then, he has silvered stocks in several transactions. With the latest sale, Musk has sold around 15.6 million shares totaling $ 16.4 billion to date. Musk had Twitter users vote whether he should part with ten percent of his Tesla shares in order to pay more taxes. To get to the targeted ten percent, he would have to sell around 17 million shares.

Musk is Tesla's largest single shareholder. According to calculations by the Bloomberg news agency, he currently has a net worth of $ 278.9 billion, an increase of almost 80 percent this year alone.

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By Teresa Tapmleton

Teresa Tampleton has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Nizh TEkegram, Teresa Tampleton worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my teresa@ntelegram.com 1-800-268-7341

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