The Tesla Inc shares They soared 7% on Wednesday after CEO Elon Musk said in an interview that he has sold “enough shares” after several weeks of the billionaire divestment.
Musk, which moved the company’s headquarters from California to Texas earlier this month, criticized California for “over-taxation” and “over-regulation” in an interview published Tuesday.
The Tesla shares, which had previously hovered around all-time highs, lost about a quarter of their value after Musk said on November 6 that it would sell 10% of its stake if Twitter users agreed.
The Tesla shares they were up 7.4% Wednesday at $ 1,008.30. On Tuesday, Musk It sold another 934,091 shares, bringing the total number of shares it was disposed of to 13.8 million, far from the 17 million shares it was expected to sell.
“I sold enough stocks to get around 10%, plus the options exercise, and I tried to be extremely literal,” he said in Tuesday’s interview with the conservative satirical website Babylon Bee.
Asked if he sold the shares because of the Twitter poll, he said Tuesday that he needed to exercise the stock options that expire next year “whatever happens.” He added that he sold “additional shares” to get closer to 10%.
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Reference-www.eleconomista.com.mx