Live Update
Tesla CEO Elon Musk sold millions of shares in the electric car company and raised more than $5 billion after Twitter conducted a controversial poll on its tax bill. The sale accounts for about 3% of Musk’s shares in the company, but it still makes him the company’s largest shareholder.
last weekend, He said he would sell 10% of the company he holds, valued at more than 20 billion U.S. dollars, Based on the results of a poll he conducted on Twitter. Sales tweets caused a panic sell-off of Tesla stock earlier this week, but it rebounded slightly yesterday and the stock rose 2.6% to $1,096.
The poll raised the question of whether Musk has been planning to sell because the tax transaction “automatically takes effect” in the sell-off plan agreed in September.
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