As the billionaire offloads shares worth $1bn, financial filings show the move was planned weeks before he asked followers’ opinion
Elon Musk’s recent Twitter poll asking if he should offload 10% of his Tesla stocks to pay taxes was met with a clear “yes”. Financial filings released late on Wednesday showed the billionaire has since sold nearly a million shares; but was it because of the poll results?
The filings reveal Musk has sold about 900,000 shares – netting over $1.1 bn that will go towards paying tax obligations. It comes a few days after nearly 60% of his 3.5m Twitter poll respondents encouraged him to sell, with Musk saying he would “abide by the results”. But the filings show that his plan had been in place since mid-September, and was already scheduled to go into effect.
Continue reading...source https://www.theguardian.com/technology/2021/nov/11/elon-musk-sells-some-tesla-stock-but-was-it-really-because-of-twitter-poll
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