Following the outcome of his Twitter poll, Tesla’s CEO, Elon Musk has sold 4.53 million of his share holding in the company for $5 billion.
Boom Television had reported earlier this week that Elon Musk polled his followers on Twitter about selling 10% of his share holding in Tesla and majority voted in the affirmative.
Tesla’s shares fell by 16% two days after the poll, posing a threat to the company’s position in the $1 trillion club but the shares recovered by 4.3% on Wednesday.
Filings with the US stock regulators showed that Musk sold 3.6 million shares worth around $4b, he also sold another 934,000 shares for about $1.1b after exercising options to acquire nearly 2.2 million shares.
The regulatory filings also showed that the sale of the remainder of the shares has not been scheduled.
