SHARE IN FOCUS: Tesla rise towards $ 1,000 – Musk statements
A Tesla charging station: E-cars are charged here. pexels.com
NEW YORK (dpa-AFX) – The papers from Tesla
CEO Elon Musk once again sold his own shares in the electric car manufacturer, according to a mandatory notification to the US Securities and Exchange Commission. Accordingly, Musk sold more than 583,600 Tesla shares for 528 million US dollars. He has now cashed around 13.5 million Tesla shares.
At the beginning of November, Musk had voted on Twitter whether he should part with a tenth of his Tesla stake in order to pay more taxes. The majority of Twitter users answered “yes”. As a result, Musk’s stock sales put the price under constant pressure. In order to fully meet the commitment, around 3.5 million shares are missing, from which the Tesla boss has yet to part.
However, Musk told the satirical website Babylon Bee on Wednesday that he had now achieved the goal of selling more than ten percent of his Tesla shares. This could be a reason for the current strong price increase. The selling pressure is likely to subside in the future and investors could focus more on the fundamentals again, said an analyst./ajx/he
|Short-term position in Tesla|
|with moderate leverage|
Subscribe to more news for free
ARIVA.DE publishes analyzes, columns and news from various sources in this section. ARIVA.DE AG is not responsible for content that has been recognized by third parties in the “News” area of this website and does not adopt it as its own. This content can be identified in particular by a corresponding “from” mark below the article heading and / or by the link “To read the full article, please click here.”; The named third party is solely responsible for this content.
Other users were also interested in this article: