Is Elon Musk really selling $20 Billion in Tesla Shares? The internet is buzzing after Elon Musk, the chief executive of Tesla, disclosed he had sold about $5 billion worth of Tesla shares, in part to cover his tax obligations. But the story doesn't end there. The Tesla and SpaceX CEO has a surprising habit of turning to his Twitter followers for major decisions.
Elon Musk Asks Twitter About Selling Tesla Shares
This weekend, Elon Musk published a poll on Twitter asking his followers if he should sell 10% of his Tesla (NASDAQ:TSLA) shares. This isn't the first time Musk has used the platform for such a significant financial decision. The poll followed Musk, the company’s founder and CEO posting a Twitter poll Saturday afternoon which said, “Much is made lately of unrealized gains being a means of tax.” He has promised to stick and follow the results of the poll, raising questions and eyebrows worldwide.
Did Elon Musk Ask About Bitcoin Too?
While the primary focus was on selling Tesla stock, speculation has also swirled concerning Elon Musk and Bitcoin. The twin threats, delivered via social media, roiled global markets after weeks of de-escalation had provided some reprieve. Was Bitcoin involved in the decision-making process for these Tesla sales? The exact relationship remains unclear, but Musk's history with cryptocurrency and market-moving tweets suggests it's a factor to consider.
How Much Tesla Stock Has Elon Musk Actually Sold?
Since the initial poll and subsequent market reactions, Elon Musk disclosed he had dumped another $3.95bn worth of his Tesla shares on Tuesday, taking his total sales to nearly $20bn since he launched his $44bn bid for Twitter. Further reports indicate that Tesla Inc Chief Executive Elon Musk has sold roughly $8.5bn (£6.8bn) worth of shares in the electric car maker. Just days after he agreed to buy Twitter, the sale has led to significant speculation and debate about his motives and the future of Tesla.
Before the Twitter poll, Elon Musk sold nearly $5bn worth of his Tesla shares in the first three days of one week, shortly after promising he would cash in 10 per cent of his stake if Twitter users voted in favor.
The Impact of Elon Musk's Tesla Stock Sales
Elon Musk has put a poll in his Twitter handle inviting his followers to decide whether to sell his Tesla shares. This unprecedented move, combined with the large-scale sales, raises serious questions about the stability of Tesla's stock and the influence of social media on major corporate decisions. Stay tuned for further updates as this story develops.