Elon Musk continues to sell his shares in Tesla to meet his tax obligations

Posted:

3 dic 2021 15:17 GMT

Since last November 8, the billionaire has sold 10.1 million copies of the electric car company.

Tesla CEO Elon Musk has sold a new package of stock in the company worth $1.01 billion, reach This Friday Reuters referring to the US Securities and Exchange Commission.

According to information from authorities, Musk has liquidated another 934,091 shares of the electric car maker in order to meet its tax obligations related to the implementation of call options on 2.1 million shares of Tesla.

Since November 8, the billionaire has exercised options on 10.7 million shares and sold 10.1 million bonds worth $10.9 billion. After this series of deals, Musk still has a pending purchase option of about 10 million shares at $6.24 per share, which will expire in August 2022.

On November 6, Elon Musk general On his Twitter profile, a questionnaire in which he asked his followers whether he should sell 10% of his shares in the company, he committed to comply with the results of the vote. Musk proposed the sale after the US government announced its plans to tax the billionaire to help fund increased social and security spending. 57.9% of the 3.5 million participants in the consultation they voted In favor of the proposal, after which the founder of Tesla began to withdraw part of his stakes in the company.