Elon Musk sells Tesla shares worth over $1 billion
Elon Musk, the world’s richest person and owner of Tesla and SpaceX, has sold his $ 1.1 billion (about Rs 8190 crore) shares in the company. It is worth noting that when Musk had sought the opinion of the people through a Twitter poll to sell his 10 percent stake. His proposal was strongly supported by users on social media.
People gave opinion in favor of Musk’s decision
In a Twitter poll conducted by Elon Musk, he had more number of people supporting the decision. Yes option got the most votes. About 58 per cent of the over 3.5 million votes had asked him to sell the stock. After this, Musk sold his shares worth Rs 8190 crore.
Loss of $ 50 billion in two days
Elon Musk’s net worth has dropped by $50 billion so far this week. The reason for this was the fall in the shares of Tesla Inc for the second consecutive day. This is the biggest drop in two days in the history of the Bloomberg Billionaires Index. According to regulatory filings, Musk’s shares were sold through stock options only to meet the tax withholding obligations of the reporting person concerned, Bloomberg reported. Earlier, Jeff Bezos saw the biggest drop of $36 billion in a single day after his 2019 divorce from his wife Mackenzie.
Musk”s wealth has touched $300 billion mark
Elon Musk is currently the richest person in the world. His net worth is $299 billion. Recently, he became the first person in the world to cross the $300 billion mark. After Musk, Jeff Bezos is still at number two, whose net worth is $ 201 billion.
Tesla is the world’s most valuable company
Elon Musk’s Tesla is the most valuable company in the world. On Friday, the company’s shares had gained more than 40 percent compared to the previous month. Last week, Tesla shares hit an all-time high of $1,229.91 per share. This makes it the world’s most valuable car manufacturer with a market size of over one trillion dollars.
