Ilon Masks, head of the US electric car company Tesla Motors, has sold part of the company’s shares worth five billion dollars (4.3 billion euros).
Documents filed with the US Securities and Exchange Commission (SEC) say the world’s richest man sold 4.5 million shares of Tesla this week.
The announcement came after Masks announced over the weekend that it was ready to sell a 10% stake in Tesla, according to a Twitter poll.
Read more – US media: Ilon Mask has become the richest man in the world
On Monday, Masks sold $ 1.1 billion worth of shares in the company to settle tax liabilities after he had exercised the option to buy the shares, but plans to sell those shares began on September 14th.
At the moment, it is not known whether the sale of additional shares, which was announced on Tuesday and Wednesday, was also planned before this Twitter survey. These days, Masks have sold a total of about 3.6 million more shares, about $ 4 billion.
On Saturday, Masks polled his more than 62 million followers on Twitter to see if he should sell a 10% stake in Tesla, and in that poll, people voted yes.
However, in order to reach this 10% limit, the 50-year-old would have to sell several million more shares, as he owned 170 million Tesla shares, or about 17% of the total, before selling this week.
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