In total, Musk holds more than 170 million Tesla shares, and with options outstanding, the number will soon rise to 200 million.
(Photo: imago images / Xinhua)
Dusseldorf Unpredictable as always: Elon Musk had a vote on Twitter over the weekend whether he should sell ten percent of his shares. “I will stick to the result,” said the Tesla boss. “No matter how it turns out.”
A whopping 3.5 million users took part, the majority were in favor of a sale. That means 17 million shares of Musk will come to market in the coming months.
In an initial reaction, the Tesla share fell significantly on the European stock exchanges. But in the course of the day, the price recovered somewhat, was only just under five percent in the red when the US markets opened. Given the large number of stocks, that’s a cautious response. How can that be? There are three explanations for reluctance:
Musk takes away the fear of an overall exit from stockbrokers
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