Tesla CEO Elon Musk has just sold more company shares — but he has now bought more shares than he has sold
sell 10% of his stake if Twitter users agreed
. He owned a combination of about 244 million shares through his trust and stock options, bringing his stake in Tesla to about 23% as of June 30. It included 170 million shares held by his trust. The tweet was vague. Musk did not outline if he intended to offload 10% of the shares he indirectly owned through the trust or if his stock options were also part of the deal.
Following the latest transactions on Thursday, Musk still has an option to buy about 10 million more shares at $6.24 each, which expires in August next year.Subscribe to push notifications
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'It's hard to get on board' with buying Tesla here despite analyst optimism, trader says'The margin of safety is just nowhere to be found' in Tesla with the stock trading at extremely elevated multiples, Tocqueville's John Petrides warns.
Read more »
NHTSA is discussing faulty Autopilot cameras with TeslaFederal vehicle safety regulators said Thursday they are communicating with Tesla about faulty repeater cameras in some of their US-made electric cars.
Read more »
Instagram CEO to testify before Senate committee on safety of teen usersInstagram CEO Adam Mosseri will discuss steps the popular photo sharing app is taking to keep teenage users safe on the platform during a Senate subcommittee hearing on Wednesday.
Read more »
The CEO of this multimillion-dollar start-up has 3 tips for starting your own businessThe CEO of this multimillion-dollar start-up has 3 tips for starting your own business (via CNBCMakeIt)
Read more »
Permanent Shift In Travel Could Keep RV Market Booming, Outdoorsy CEO Is Betting On ItI'm an assistant editor at Forbes covering money and markets. Before joining Forbes, I worked at NextEra Energy, Inc. developing and implementing successful media relations and public relations campaigns in the energy industry. I graduated from Stetson University with a degree in Finance, and have a master's degree in Journalism and International Relations from New York University, where I worked as a staff writer for Latin America News Dispatch and New York Magazine's Bedford + Bowery.
Read more »
Better CEO Vishal Garg 'sorry' after mass firing over Zoom'I own the decision to do the layoffs, but in communicating it, I blundered the execution. In doing so, I embarrassed you,' Vishal Garg wrote in a letter.
Read more »