Elon Musk to quit Tesla and become an influencer?

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Another tweet from Tesla CEO Elon Musk revealed that he has sold additional shares in the company. He also joked about quitting his employment in the message.

According to regulatory papers dated Thursday, Tesla CEO Elon Musk sold another $963 million worth of shares to pay taxes on the exercise of an extra 2.2 million options. Elon Musk has sold $11.8 billion worth of shares in only five weeks.

That’s when Elon Musk came to Twitter and announced that he’d discovered his purpose. In an open letter to his nearly 66 million followers, Tesla CEO Elon Musk said, “Thinking about quitting my jobs & becoming an influencer full-time.” After this, he responded with a series of laughing emojis.

Musk’s Twitter pranks haven’t always been welcomed by investors and regulators. Tesla’s stock price fell after Musk joked on April 1st, 2018, that the business had filed for bankruptcy. When he tweeted about taking Tesla private for a price that was important in the marijuana culture, he believed it would delight his then-girlfriend.

Prior to the opening of normal trading on Friday, Tesla’s stock price had fallen 2% to $983.90. As a result of Musk’s selling of shares, the stock has slumped 18 per cent since Nov. 4. When asked about selling 10% of his stock in the auto company last month, the billionaire said that he was going to follow the poll’s recommendation. Since then, he has sold more than 11 million shares.

Musk is currently around two-thirds of the way through his goal of reducing his direct stake in Tesla by 10%. Assuming that the criteria include options that can be exercised, he’ll need to get rid of an additional 6 million shares to meet it.

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Another tweet from Tesla CEO Elon Musk revealed that he has sold additional shares in the company. He also joked about quitting his employment in the message. According to regulatory papers dated Thursday, Tesla CEO Elon Musk sold another $963 million worth of shares to pay taxes on the exercise of an extra 2.2 million options. Elon Musk has sold $11.8 billion worth of shares in only five weeks.

That’s when Elon Musk came to Twitter and announced that he’d discovered his purpose. In an open letter to his nearly 66 million followers, Tesla CEO Elon Musk said, “Thinking about quitting my jobs & becoming an influencer full-time.” After this, he responded with a series of emojis depicting him in various states of laughter.

Although Musk’s Twitter antics have received mixed reviews from investors and authorities, he has remained popular with his followers. Tesla’s stock price fell after Musk joked on April 1st, 2018, that the business had filed for bankruptcy. Following his tweets in which he discussed taking Tesla private for a price that was important in the marijuana culture, the SEC filed a lawsuit against him later that year.

Prior to the opening of normal trading on Friday, Tesla’s stock price had fallen 2% to $983.90. As a result of Musk’s selling of shares, the stock has slumped 18 per cent since Nov. 4. When asked about selling 10% of his stock in the auto company last month, the billionaire said that he was going to follow the poll’s recommendation. Since then, he has sold more than 11 million shares.

About two-thirds of the way through Tesla CEO Elon Musk’s plan to reduce his stake in the company by 10%. Assuming that the criteria include options that can be exercised, he’ll need to get rid of an additional 6 million shares to meet it.

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Ratneshhttps://www.networkherald.com
Founder and Chief Editor of Network Herald. A passionate Blogger, Content Writer from Mumbai. Loves to cover every current affair in terms of technology. He writes about the how-to guides, tips and tricks, top list articles.

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