Elon Musk sells $5 billion of Tesla stock

Elon Musk sells $5 billion of Tesla stock

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World richest man, Elon Musk sells $5 billion of Tesla shares according to reports. A filing released on Wednesday, November 10, by the Securities and Exchange Commission has it that the Tesla Chief Executive Officer sold about $5 billion shares. He had tweeted on Saturday in poll, saying he was going to sell Tesla stock from the outcome of the poll. Read that here Elon Musk says he’ll sell 10% of Tesla stock if Twitter agrees

In the poll, the billionaire emphasized the only way to pay tax was through selling of shares, as he does not receive any “cash or bonus” anywhere.

Well he just redeemed part of that pledge after he promised to sell 10% in the poll. He said the stock sales was part of his compensation package

The $5 billion shares only account for his 3% holdings in the giant car maker company. Tesla is the most market valued car company in the world with over one trillion dollars.

Elon Musk is worth more than Warren Buffet and Mark Zuckerberg combined after his net worth skyrocketed to over three hundred billion dollars weeks ago. Read more here $36 billion richer after Hertz order 100,000 Tesla vehicles, making the electric car maker hit $1 trillion market cap

His fortune went up after Rental company demanded for 100,000 Tesla vehicles.

A financial firm had predicted he would be the first man on earth to become a trillionaire

Read also Elon Musk predicted to become world’s first trillionaire

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