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StockWatch: Musk to Sell 10% Stake in Tesla!

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Elon Musk said that he would let Twitter users decide if he should sell 10% of the shares he holds in Tesla. And the public responded with a resounding ’yes’.

He added that he will follow the poll’s result whichever way it goes, but he has not yet announced what he will do next.

Musk receives no salary from Tesla, and his 10% sales of stock would be valued at $20.8bn.

As of Sunday, Musk is the richest man on Earth with a total net worth of $338bn.

Timestamps:

  • TSLA 01:40
  • TWTR 03:00

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