Tesla CEO Elon Musk has sold Tesla shares worth about $5 billion, according to documents he released Wednesday.
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The sale took place after the richest person in the world his followers on Twitter at the weekend asked whether or not he should sell 10 percent of his shares in the automaker.
Of the 3.5 million Twitter users who voted, 57.9 percent thought Musk should sell that share of the electric car brand.
On Monday, Musk sold 934,000 shares worth $1.1 billion, which he used “to meet his tax obligations.” The sale of 3.6 million shares, valued at approximately $4 billion, took place later this week. It is the first time since 2016 that Musk has sold Tesla stock.
Tesla shares lost $50 billion on the stock market on Monday and Tuesday. On Wednesday, the stock rose again by 4.3 percent.
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