Elon Musk sold another portion of Tesla’s shares for nearly $ 700 million

The head of the American electric car manufacturer Tesla, Elon Musk, has sold another part of his shares in the company. According to two reports today for the US Securities and Exchange Commission (SEC), Musk sold a total of about 640,000 Tesla shares on Thursday for about $ 687 million (over 15 billion crowns), the AP agency wrote.

Musk had a Twitter user vote over the weekend to sell ten percent of his Tesla stock and promised to abide by the vote. More than 3.5 million people took part in the vote, with about 58 percent in favor of the sale of shares.

Since the beginning of the week, Musk has sold about 5.1 million Tesla shares worth about $ 5.7 billion since the inclusion of Thursday’s transactions. This corresponds to about three percent of its stake in Tesla. Musk still owns about 167.5 million shares, or almost 17 percent of Tesla, writes AP.

Musk is Tesla’s largest shareholder and the richest man in the world. According to Bloomberg, the value of his assets is $ 294 billion (about 6.5 trillion crowns).

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Source: E15.cz by www.e15.cz.

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