-0.73% Bitcoin (BTC) 21297.36 EUR
-2.55% Ethereum (ETH) 1458.21 EUR
-2.49% Litecoin (LTC) 80.88 EUR
+2.23% B-Cash (BCH) 125.47 EUR
-1.86% Ethereum (ETH) 0.0692052 BTC
-1.42% Litecoin (LTC) 0.00383901 BTC
+2.79% B-Cash (BCH) 0.0059489 BTC
-1.22% Bitcoin (BTC) 23105.3357 USDC
+0.55% USD Coin (USDC) 0.93 EUR
-1.32% Bitcoin (BTC) 23092.135 USDT
+0.55% Tether (USDT) 0.93 EUR
+2.74% Chainlink (LINK) 6.62 EUR
+2.96% Chainlink (LINK) 0.00031436 BTC
-1.32% Dogecoin (DOGE) 0.07 EUR
-0.53% Dogecoin (DOGE) 0.00000375 BTC
+1.23% Uniswap (UNI) 6.18 EUR
+1.71% Uniswap (UNI) 0.0002929 BTC
-1.03% Cardano (ADA) 0.34 EUR
-0.54% Cardano (ADA) 0.00001657 BTC
+1.30% Tron (TRX) 0.05 EUR
+1.85% Tron (TRX) 0.00000275 BTC
-1.56% Shiba Inu (SHIB) 0.00001068 EUR
+0.41% Zcash (ZEC) 42.31 EUR
+1.01% Zcash (ZEC) 0.0020099 BTC
-0.51% Basic Attention Token (BAT) 0.24 EUR
+0.35% Basic Attention Token (BAT) 0.00001146 BTC
+11.13% TradeFlow (TFLOW) 0.05908968 BUSD

Elon Musk sells over $1 billion of Tesla stock

11-11-2021

Tesla CEO Elon Musk has sold around 934,000 shares for approximately $1.1 billion. The transaction is confirmed by filings with the Securities and Exchange Commission on November 11. It is just the third time he has sold Tesla shares since the firm went public in 2010.
 
Elon Musk asked his 63 million Twitter followers if he should sell 10% of his share in Tesla. Almost 58% of the 3.5 million respondents replied yes, yet he has sold less than 1%. Tesla shares dropped 16% in the days following the survey, momentarily falling below $1,000 on November 10. Tesla stock achieved an all-time high earlier this month but is now down 11% from that high.
 
Following the Twitter vote but before the news of this sale broke, MicroStrategy CEO Michael Saylor advised he acquire additional Bitcoin:
 
“If the goal is diversification, an alternate strategy to consider is converting the $TSLA balance sheet to a Bitcoin and purchasing $25 billion in BTC. That would deliver diversification, inflation protection & more upside for all investors in a tax efficient manner.”
 
According to BitcoinTreasuries, Tesla now owns 43,200 BTC, which is worth an estimated $2.79 billion.

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