Elon Musk Is Unloading Billions of Dollars of Tesla Stock
Just like that, Tesla (NASDAQ: TSLA) founder and CEO Elon Musk has started unloading the billions of dollars worth of stock he left up to a recent Twitter poll. In order to satisfy an upcoming tax bill and to ensure he doesn't look like he's trying to avoid taxes with unrealized gains, the CEO recently asked Twitter users whether they think he should sell 10% of his stake in the electric-car company. With well over half of the respondents voting yes, Musk didn't waste any time to get started.
Here's how many shares of the growth stock Musk has sold already -- and what it means for Tesla investors.
Tesla CEO Elon Musk. Image source: Tesla.
Source Fool.com
