Where Will Tesla Be in 10 Years?

Electric vehicle (EV) maker Tesla (NASDAQ: TSLA) management made headlines (again!) last week after CEO Elon Musk conducted a poll about whether he should sell 10% of his Tesla stock. Following the poll's results, Musk sold around $5 billion of the stock (which works out to around 2.6% of his holdings after exercising options) on Wednesday. Long-time followers of Tesla stock have often seen its price fluctuating wildly on news announcements, or Musk's tweets, along these lines.

Musk's latest stock sale did have some small effect on the stock price short-term, but it may not impact Tesla in any significant way in the long run, say 10 years down the road. Even after the sale, the company's founder will still own a high percentage of his previous stake. The main reason for the sale is to get the cash to pay the taxes Musk owes because he exercised stock option trades that were about to expire.

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Source Fool.com