Shares of Tesla rose to $ 1,069 in pre-market trading
Tesla CEO Elon Musk announced an additional sale of shares in the company for about 687 million dollars, after he already “got rid” of shares for 5 billion dollars earlier in the week. This is indicated by documents published today to the regulatory authorities, quoted by Reuters
Musk sold 587,638 and 52,099 shares owned by his trust yesterday through numerous transactions, according to two separate documents.
Shares of Tesla rose to $ 1,069 in pre-market trading.
Musk, who is the richest man in the world and a major shareholder in Tesla, wrote on Twitter last weekend that he would sell 10 percent of his securities if social network users approved of such a move.
According to documents, Musk first sold nearly 3.6 million shares in Tesla for about $ 4 billion and another 934,000 securities for $ 1.1 billion to cover tax liabilities after exercising options to acquire about 2, 2 million shares.
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