Elon Musk sold Tesla shares

Elon Musk sold Tesla shares

FineAuto

CNBC announced that it became aware of the sale of shares in the automotive giant Tesla worth more than $ 1.1 billion.

According to CNBC, citing financial documents, the inventor and founder of Tesla and SpaceX, Elon Musk, kept his promise to Twitter users and sold part of his shares. Judging by the amount that the entrepreneur managed to bail out, he parted with about 930 thousand shares. Allegations of tax evasion contributed to this. As the TV channel emphasizes, the businessman still owns more than 170 million shares of the company.

Recall that a few days ago, Tesla founder Elon Musk wrote on his Twitter that “lately there has been a lot of talk about unrealized profits as a means of tax evasion,” so he took the initiative to sell 10% of his Tesla shares, initiating survey among users. More than half of the voters (57.9%) supported the sale of shares and Musk kept his promise.

The Wall Street Journal noted that, according to FactSet, Elon Musk is the largest shareholder of Tesla, who owns about 17% of the company, which is estimated at about $ 200 billion.

Explaining his proposal, Musk indicated that he has no other way to pay this tax on earnings, since he works in his companies completely free of charge. Earlier, the businessman criticized the “tax on billionaires” proposed by the Democrats in the US Congress, the essence of which is to levy a tax on the growth of the state. After that, the value of Tesla shares declined, and the company’s capitalization fell below $ 1 trillion.

Recall that earlier Tesla Inc CEO Elon Musk complained on Twitter about the process of consultations that began on Tuesday with local residents who may express objections to the huge plant being built near Berlin.

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