The businessman sold options at a price of $6.24.
Entrepreneur Elon Musk sold more than 2.5 million options on shares of the Tesla company owned by him and then sold them a few days after conducting a survey on Twitter. This was reported by Bloomberg with reference to the regulator’s document.
According to the information available in the document, Musk sold options at a price of $ 6.24. The entrepreneur sold securities for the first time since 2016, the agency notes. That was the last time he sold his shares to pay income tax in the amount of $590 million.
In turn, Reuters notes that the American entrepreneur sold shares worth about $ 5 billion.
Musk on Saturday invited Twitter users to decide whether he should sell 10% of his Tesla shares, saying he would stick to the survey results. As a result, 57.9% of more than 3.5 million voters supported the possible sale of securities. After that, the entrepreneur confirmed that “he was ready to accept any result.”