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Hype Pays Well: Elon Musk Sells Tesla Stock Worth $6.9 Billion

August 10, 2022 by www.breitbart.com

Tesla CEO Elon Musk sold roughly $6.9 billion worth of Tesla stock in the past week according to recent SEC filings. The sale of 7.9 million shares of Tesla comes just months after Musk claimed “no further TSLA sales planned” on social media. Forbes reports that just over three months after stating that there were “no further TSLA sales planned,” Tesla CEO Elon Musk sold approximately $6.9 billion worth of company stock according to recent filings with the SEC. Elon Musk of Tesla dancing in China (Bloomberg/YouTube) (photographer: Daniel Acker/Bloomberg via Getty Images) Musk reportedly sold more than 7.9 million shares in dozens of transactions between Friday and Tuesday at an average price of $875 per share. Musk will owe an estimated $1.65 billion in federal capital gains taxes from the sale, leaving him with $5.25 billion in cash. Since November, Musk has liquidated over $31 billion in Tesla stock in a series of sales. In November 2021, Musk tweeted about … [Read more...] about Hype Pays Well: Elon Musk Sells Tesla Stock Worth $6.9 Billion

Filed Under: Tech Elon Musk, Masters of the Universe, SpaceX, Tesla, Twitter, Tech

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