Musk has been criticized recently by the likes of Senator Bernie Sanders and former Secretary of Labor Robert Reich for allegedly avoiding paying income taxes despite hisrising net worth. These critics seem to overlook the fact that Musk can only pay taxes if he sells Tesla stock—something he’...
Detroit— Elon Musk has sold 4.4 million shares of Tesla stock worth roughly $4 billion, most likely to help fund his purchase of Twitter.Musk reported the sale in a filing with the Securities and Exchange Commission on Thursday. The shares were sold over the past few days, at prices rangi...
The announcement came on the same day CEO Elon Musk said he has moved his home to Texas from California. The stock sale is the second for the electric-vehicle and solar-panel company in three months. In September, Tesla said it planned to sell up to $5 billion worth of common shares j...
Asked if he was done selling Tesla shares, Musk replied: "Yes. In the (hopefully unlikely) event that Twitter forces this deal to close and some equity partners don't come through, it is important to avoid an emergency sale of Tesla stock." Musk did not specify which equity partners...
Elon Musk alsosold TSLA shares in April, selling around $4 billion worth of stock. Around that time, the Tesla CEO revealed he would be selling Tesla shares to fund his part of the $44 billion Twitter deal. “The $21 billion in equity financing for Twitter will result in some piece of...
While some folks feared that Musk's stock sale would hurt the company and the stock price itself, Musk has actually been acquiring stock at a massive discount via the exercising of options. Nonetheless, Tesla stock has taken a hit, though it seems the entire stock market has been a bit of...
Elon Musk’s Twitter followers weighed in this weekend on whether the Tesla CEO should sell 10% of his stock in the company.
Months after claiming he was done selling Tesla stock, Tesla CEO Elon Musk has sold off another $3.95 billion worth of Tesla shares, according to filings.
While this helped put a floor underneath Tesla’s price, some may have forgotten his implicit warning that the time may yet come when he needs to offload stock once more. With 2025 now rapidly approaching and X’s fin...
Elon Musk faces a tax bill of over $15 billion in the coming months on stock options, making a sale of Tesla stock this year likely regardless of the Twitter vote.