Elon Musk Sold $963M In Tesla Stock, All His Houses, Says He Wants To Be An Influencer
Elon Musk is once again selling shares of Tesla (TSLA) stock while making some controversial moves.
Late Thursday, the Tesla CEO sold 934,091 shares of the EV company worth about $963.2 million, according to filings with the Securities and Exchange Commission.
Musk, who has a net worth of $266 billion, according to the Bloomberg Billionaires Index, and is the richest man in the world, had previously polled his over 60 million fans on Twitter to ask if he should unload 10% of his Tesla stock. More than half (57.9%) said he should.
At the same time that Musk sold his shares, he exercised his stock options and purchased 2.17 million shares of Tesla, the SEC filing indicated.
The share price of Tesla was down about 1% in early premarket hours on Friday. According to CNBC, its share price had dropped 6% in the previous session.
In November, the electric-car entrepreneur sold $9.85 billion in car company shares.
According to CNBC, more stock is expected to be sold by Musk as he faces a tax bill of more than $15 billion.
Musk has sold all of his homes, with the most recent selling for $30 million on Dec. 2 after being listed in June, according to the Daily Mail.
The 47-acre Silicon Valley property sold for $7.5 million under the initial asking price and was listed three times before finding a buyer, the news outlet said.
Musk has pledged to “own no home,” previously saying in a tweet that his primary residence is a “$50k house in Boca Chica / Starbase that I rent from SpaceX. It's kinda awesome though,” according to the Daily Mail.
The home sales and the stock sale come on the heels of an unusual Twitter post from Musk, who said he would like to become an influencer.
He wrote, “thinking of quitting my jobs & becoming an influencer full-time wdyt.”
He continued, “It would be nice to have a bit more free time on my hands as opposed to just working day and night, from when I wake up to when I go to sleep 7 days a week. Pretty intense,” Reuters reported.
It was unclear if Musk was kidding or if he had real intentions of leaving his positions as Tesla CEO, CEO of SpaceX and head of Neuralink and The Boring Company.
As of Friday premarket hours, shares of Tesla were trading at $994.50, down $9.30, or 0.93%.
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