FAST FIVE: Elon Musk Has Now Sold Over $10 Billion In Tesla Stock In Less Than A Month

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Elon Musk Has Now Sold Over $10 Billion In Tesla Stock In Less Than A Month Elon Musk has now sold over $10 billion worth of Tesla stock in less than a month, with the consummation of his latest sale of 934,000 shares.

In total, his sales amount to $10.9 billion, according to Bloomberg.

Somehow, despite the sales, Tesla isn't dragging down any of the indexes or actively managed funds it is a large component of.

To unload the 10% of his Tesla stake he queried Twitter users about on November 6, Musk would need to sell 17 million shares, which equates to about 1.7% of the company's outstanding stock.

If he follows through on these sales, Bloomberg writes that Musk “could end up shaving well over $2 billion off his tax bill as a result of his move to Texas from California last year”.

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