Following his questionable Twitter poll, Elon Musk has now sold 934,000 shares/$1.1 Billion USD of
Word of the poll made headlines plummeted Tesla’s stock and effectively dropping $50 billion USD from Elon Musk’s net worth. It is interesting to note that the contracts sold were from a stock option award Musk received in 2012 and were set to expire August 2022.
An official filing with the SEC notes the sales were to “solely to satisfy the reporting person’s tax withholding obligations related to the exercise of stock options.” Additionally, the transactions were from a pre-arranged trading plan adopted in mid-September.
In case you missed it, Travis Scott is reportedly facing over 30 lawsuits following the Astroworld tragedy.