Andrew
Tesla CEO Elon Musk unloaded US$5 billion of stock in the electric car-maker, shortly after holding a poll on Twitter over whether he should sell 10 percent of his massive stake in the company.
The world’s richest person so far had disposed of more than 4,5 million shares last week, according to regulatory filings Wednesday. Those were his first sales in more than five years.
Musk, who frequently posts on Twitter and often engages on controversial topics, created a firestorm over the weekend with the survey about whether he should sell part of his Tesla stake — which he connected back to a debate.
The poll, which resulted in a decisive vote for him to sell, sent shares of the carmaker down 16 percent in two days as investors worried about the consequences of unloading such a big block of stock. Musk (50) is the world’s richest person with an almost US$300 billion fortune, according to the Bloomberg Billionaires Index. — Bloomberg.
Online Reporter