Musk sold $687M worth of Tesla shares – filings
Tesla Inc. Chief Executive Elon Musk sold more of the company’s shares worth around $687 million following a Twitter poll in which he asked if he should sell 10% of Tesla’s stocks he owns, regulatory filings showed on Friday.
Following the poll, which took place last weekend, Musk offloaded in total around $5 billion worth of stock, pulling the share price on Nasdaq deep into losses over the past days.
Tesla’s stock hasn’t reacted to the news during premarket trading, selling 0.78% higher at 6:37 am ET.
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