Jakarta, CNBC Indonesia – Global entrepreneur and inventor from the United States (US), Elon Musk, has reportedly sold his 930,000 stake in electric vehicle (EV) company Tesla Inc. This was revealed from a financial report released on Wednesday (11/10/2021).
Quotes CNBC International, Musk sold his shares for a value of US $ 1.1 billion or equivalent to Rp. 15 trillion. With this sale he still owns more than 170 million shares in the company he also founded.
For the record, at the close of trading on Wednesday US time (10/11), or Thursday morning Indonesian time, Tesla shares closed up 4.34% at the level of US$ 1,067.95/share, on the Nasdaq Exchange.
Musk sold these shares in part to meet tax obligations. Previously he had thrown the issue of selling his shares in Tesla on his Twitter account and also opened a poll about his decision.
“A lot has been made lately of unrealized profits as a means of tax evasion, so I propose to sell 10% of my Tesla shares,” the South African-born entrepreneur wrote in a tweet referring to the “billionaire tax” proposed by Democrats in the United States. US Senate.
As a result of this teasing, Tesla shares declined more than 15% during Monday and Tuesday, before rebounding more than 4% on Wednesday.
Previously, the move to sell Tesla shares was carried out by company chairman Robyn Denholm, Elon Musk’s brother, Kimbal Musk, Ira Ehrenpreis, and also Antonio Gracias. They have sold hundreds of millions of dollars in Tesla shares since October 28 after Tesla’s market cap surpassed $1 trillion.
Kimbal Musk sold his stake for about $109 million just before his brother’s Twitter poll and planned sale began.
(tps/sef)
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