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Elon Musk is now halfway to his Twitter target of selling 10% of his Tesla stock - after dumping another $1.05 billion

5 days ago   |   By Business Insider

Elon Musk is the world's richest person. Maja Hitij/Getty Images
Elon Musk has now sold roughly 9.2 million shares in Tesla, netting him just under $10 billion.
The sales mean he's over halfway towards his Twitter commitment to sell 10% of his holding.
Musk held just over 170 million shares in September, so 10% of his stake is around 17 million shares.
Elon Musk has now sold around 9.2 million shares in Tesla since asking his Twitter followers whether he should offload 10% of his holding in the EV company. That means the Tesla chief executive is now more than halfway towards the target...
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Tesla is pouring in more than $1 billion into its new Gigafactory in Texas, Elon Musk's new home base

5 days ago   |   By Business Insider

Construction site of the Tesla Gigafactory in Austin, Texas. Mike Blake/Reuters
Construction for Tesla's new factory in Austin, Texas, began in the summer of last year.
Filings with Texas authorities showed the electric vehicle company will spend over $1 billion on the project.
The project is expected to create 10,000 jobs.
Tesla is pouring in more than $1 billion into its new Gigafactory in Texas that is expected to be completed by the end of this year. Construction filings with the Texas Department of Licensing and Regulation showed the electric vehicle company would spend $493 million...
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Elon Musk just offloaded another $1.05 billion worth of Tesla shares, bringing his November share sales total to $9.9 billion

5 days ago   |   By Business Insider

Tesla CEO Elon Musk. Picture Alliance/Getty Images
Since his November 6 Twitter poll, Tesla CEO has sold 9.2 million shares worth $9.9 billion.
Musk tweeted that he would sell 10% of his stock if users of the social media platform approved.
A majority of his followers agreed with the sale.
Tesla Inc Chief Executive Elon Musk sold another 934,091 shares of the electric vehicle maker worth $1.05 billion after exercising options to buy 2.15 million shares, US securities filings showed on Tuesday. The world's richest person had on November 6 tweeted that he would sell 10% of his stock if users...
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