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Elon Musk Sells Off $1 Billion More Tesla Shares

elon musk jp morgan teslaElon Musk sold off $1 billion more shares of Tesla on Friday. Credit: Daniel Oberhaus / Wikimedia Commons/ CC BY 4.0

Tesla CEO Elon Musk has sold another $1 billion in TSLA shares this week. Musk parted with 934,091 shares of his electric vehicle company on Friday.

Musk has been selling off massive amounts of his stake in Tesla since November 8 when he made a poll on Twitter asking users if he should sell 10% of his shares. Musk has been shedding TSLA ever since. He has now sold 10.1 million shares for $10.9 billion. 

Experts estimate that this brings him over halfway to his goal, with MarketWatch saying that “Assuming Musk intends to sell 10% of his shares, he’s more than halfway there. Before the sales began, his 10% stake amounted to about 17 million shares —so after Thursday’s sales, he has about 6.9 million shares to go.”

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