Elon Musk Sells $5bn Of Shares After The Twitter poll

Tesla chief executive Elon Musk has sold around $5bn (£3.7bn) of shares.

The poll had attracted more than 3.5 million votes, with nearly 58% voting in favor of the share sale, but Elon Musk has been silent regarding any share sales since the poll.

“The reason that we’re seeing stock rebound is because there does seem to be a method in his madness,” AJ Bell analyst Danni Hewson said.

“It’s about making sure that the market understands this isn’t something done on a whim, or because his Twitter followers told him he should. He’s had his decision already made, rubber stamped.”

Mr Musk is the world’s richest person, with a personal fortune estimated to be more than $280bn.

Written by Alex

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