Thursday, December 16, 2021

Partial Article on: Elon Musk has sold nearly 12 million shares of Tesla in the past six weeks—and he may have cashed out at the top

 begin partial quote from:

https://fortune.com/2021/12/15/elon-musk-tsla-stock-sales-2021/

Elon Musk has sold nearly 12 million shares of Tesla in the past six weeks—and he may have cashed out at the top

 15, 2021 5:00 PM PST

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It was the middle of a Saturday afternoon in early November, and Elon Musk was where else, but on Twitter.

The Tesla CEO had a question for his tens of millions of followers: Would they support Musk, the world's richest man, selling 10% of his stock in the electric-car maker? Musk made it clear in a follow up to the original poll that he would "abide by the results, whichever way it goes," before adding that his compensation only comes by way of stock—making the only way for him to actually have to pay taxes is to sell some shares. So, over the rest of the weekend, hordes of tweeters logged into their accounts to weigh in on Musk's proposition, and, on Sunday, a verdict was reached: Sell.

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