Elon Musk sells over $1.1 billion of Tesla stocks after Twitter poll

Elon Musk sells over $1.1 billion of Tesla stocks after Twitter poll

Elon Musk sells over $1.1 billion of Tesla stocks after Twitter poll

The chief executive of Tesla, Elon Musk, sold $1.1billion after the results of a twitter poll. The poll was basically based upon the question that was ‘ Whether he should sell 10%  of his Tesla stock . He said that he will take the decision according to the polls. “YES’  was chosen by the maximum number of people and thus he continued with the poll decision and sold his shares.
After the poll’s  decision, it was observed that Tesla’s stock price jumped up and increased .According to SEC data, Musk still owns more than 170 million Tesla shares, valued at $183 billion at Wednesday's closing price.
According to regulatory filings, Musk on Monday exercised the 2.15 million options at a price of $6.24 per contract and subsequently sold 934,000 shares to collect about $1.1 billion, Bloomberg reported.


It was mentioned in the regulatory filings that the shares were sold “solely to satisfy the reporting person’s tax withholding obligations related to the exercise of stock options,” according to Bloomberg.
Tesla has been on a roll. On Friday, the company's shares gained more than 40 per cent since last month when it announced a record profit for the third quarter. Last week, Tesla shares hit an all-time closing high of $1,229.91 per share. It's the most valuable carmaker in the world with a market capitalisation of more than $1 trillion. The stock fell 4.8 per cent Monday to $1,162.94. It is still up nearly 65 per cent for the year.



Gautam Gambhir

Gautam Gambhir received third threat email from ISIS

Bharatiya Janata Party (BJP) MP from East Delhi Constituency and former cricketer Gautam Gambhir has allegedly received a third e-mail threat from loc...

Shreyas Iyer

As per Kapil Dev, Shreyas Iyer can do justice to the position of a batsman India needs

IBNS-TWF Correspondent Nitin Waghela catches up on cricket and golf with 1983 World Cup winning captain and the newly inducted Professional Golf Tour...

States & UTs

International Trade Fair

Bihar bestowed with gold Award at 40th International Trade Fair

Bihar secured the first position with a gold Award at the 40th India International Trade Festival (IITF) for its excellence in display in state govern...

Covid positive

Karnataka: tally reaches 281 at Dharwad medical college, 99 more test Covid positive

As many as 99 more medical college students and faculty members were tested Covid-19 positive in Karnataka's Dharwad, taking the total number of a...


Akhilesh Yadav

UP educational system corrupted, Akhilesh Yadav alleges

UPTET 2021 Paper was reported to have been leaked. Samajwadi Party chief, Akhilesh Yadav intimates e...

Tripura Municipal Election

BJP Leads Tripura Municipal Election Results 2021

Tripura Municipal Election Results 2021: The counting of votes for over 200 seats in the Agartala Mu...



Samantha's retro style amuses Everyone

Back to the days of 2000! Actress Samantha Ruth Prabhu got spotted in the city this Saturday evening...

Anil Kapoor

Anil Kapoor's Last Day of Germany After Treatment

Anil Kapoor documents every facet of his life, his trips and adventures. On the last day of his Germ...


The Live Newz is an independent, budding and online news portal that came into existence recently. Our mission is to create and deliver the finest news for the readers. We act as a cutting-edge platform that provides the users with every update on recent happenings. We aspire to be true to the journalistic values and maintain the standard of its excellence by presenting the truth to the readers.