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Elon Musk earned over $ 1 billion a day from the sale of Tesla shares Israel today

2021-11-24T16:16:47.707Z


After exercising options of 2.15 million shares of the company he founded, the founder of the electric vehicle company sold over 900,000 shares of the company he owns • The total value of the profit - $ 1.05 billion • The sale came after Musk consulted with his followers on social media about it


The richest man in the world continues to earn more:

After exercising last week's options of 2.15 million shares in the car company founded by Tesla, today (Wednesday) Elon Musk sold 934,061 shares of the company for a total value of $ 1.05 billion, as part of his need to meet tax deductions on profits The big ones he made in exercising his options.

This is a continuation of the sale of Tesla shares, which have yielded Musk $ 9.9 billion in cash since November 6.

The latest wave of sales from the tycoon, the businessman and in fact the richest man in the world, began after he posted a poll this month on his Twitter page, in which he asked his followers if he should sell to the public some of his company shares.

Musk promised that if there was a majority for the sale of the shares, then he would sell ten percent of his holdings in the company.

In response, most of Musk's followers on a variety of social networks expressed the opinion that he should sell his shares.

This initially caused a swing in the value of Tesla shares but Musk managed to sell 9.2 million of the shares at a large profit.

It is important to note that Tesla's share has soared 150 percent in trading in the past year due to the high rise in demand from the public and various governments for shares of companies that manufacture electric vehicles.

Despite the current huge sale, economic commentators interviewed by Reuters estimated that the value of Tesla shares will continue to soar and that in another 12 months their value will be 20 percent higher than their current market price.

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Source: israelhayom

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