International Business: Elon Musk sells $5 bln in Tesla shares after Twitter poll – Gulf Digital News

International Business: Elon Musk sells $5 bln in Tesla shares after Twitter poll – Gulf Digital News

Tesla Chief Executive Elon Musk sold about $5 billion in shares, the billionaire reported in filings on Wednesday, just days after he polled Twitter users about selling 10% of his stake.

In his first share sale since 2016, Musk's trust sold nearly 3.6 million shares in Tesla, worth around $4 billion, while he also sold another 934,000 shares for $1.1 billion after exercising options to acquire nearly 2.2 million shares.

The 4.5 million shares equate to about 3% of his total holdings in the electric vehicle manufacturer, which makes up the vast part of his estimated $281.6 billion fortune, according to Forbes.
Musk on Saturday polled Twitter users about selling 10% of his stake, helping to push down Tesla's share price after a majority on Twitter said they agreed with the sale.