Musk is Nearing the End of His Tesla Stock Sale
Burc Oran
December 22, 2021
Social media company Twitter has sued Tesla and SpaceX CEO Elon Musk for terminating the nearly $44 billion acquisition deal.

Elon Musk has completed three-quarters of its total sales target by selling an additional $528 million in Tesla stock.

Elon Musk sold another 583,611 Tesla shares for $528 million. Tesla CEO Musk has been selling shares since a November poll in which he asked Twitter followers whether he should sell 10 percent of his stake in the company.

In his previous statement, Musk noted that he would use a significant portion of the options towards the end of the year and prepared a trading plan in this regard. As the statements made to the regulatory agency show, the billionaire businessperson has so far sold around 13.5 million shares for approximately $14.1 billion.

Tesla stock tumbled 24 percent after peaking on Nov.

Musk, the richest person in the world, has a fortune of $ 244.9 billion. Musk announced on Sunday that he will pay more than $11 billion in taxes this year.

Stay informed with market news by subscribing to our reading list.

FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.
The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

WARNING

Due to your regulatory authority, unfortunately, we cannot offer you our margin trading services.