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Musk sold another billion in Tesla for $ 1 billion

In total, this richest man in the world has already got rid of about ten million shares of his company for tax reasons, for which he earned a total of about $ 11 billion.

At the beginning of November, Musk had Twitter users vote on whether to sell ten percent of his 17 percent stake in Tesla to pay higher taxes. He promised then that he would submit to the result of the vote.

More than 3.5 million people took part in the vote, with about 58 percent in favor of the sale of shares. To achieve its goal, Musk must get rid of even more shares, the DPA agency said.

The value of Musek’s assets is now estimated at $ 285 billion (CZK 6.4 trillion). To a large extent, however, it consists of shares that are only taxed upon sale. Musk is the largest shareholder in Tesla.

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