Elon Musk sells more than $1.1 billion of Tesla stock

Previously, Musk signaled that he was likely to sell “a huge block” of his options in the fourth quarter. At an appearance at thein September, Musk said when his stock options expire at Tesla, his marginal tax rate would be over 50%.

Current and former board members including chairwoman Robyn Denholm, Elon Musk’s brother Kimbal Musk, Ira Ehrenpreis and Antonio Gracias have offloaded hundreds of millions of dollars worth of Tesla shares since Oct. 28 after Tesla’s market cap surpassed $1 trillion.

Ya you forgot the second part where elonmusk get 2.3 b worth of stocks from the options . Is this the level of journalism you are heading to ?

Gm $gn

Color me skeptical of this turn of behavior, no offense. 'Tax obligations' should have been paid each year. This sounds more like showmanship than anything sincere to me.

The total is actually $4.9B

Don't forget to pay your capital gains next April too 🤣

Why did you do that bro :)

900 million of that going to military spending lol.

Proof that paying taxes is voluntary for the wealthy under our current system. If it’s mandatory for us “little people”, it should be mandatory for everyone

Damn, must be nice to opt in to taxes when you feel like it. :U

MF could give up 100% of his stock and Twitter would still hate him.

And we care why?

I’ll never understand why my fellow Twitter leftists love to eviscerate Elon Musk. I suspect many haven’t actually investigated his persona. For all his perceived “immature” behavior, humanity will be remembering him as one of the most consequential ppl who ever lived.

The meteor is coming and going to obliterate the financial system. Inflation will end us without blockchain.

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