-0.28% Bitcoin (BTC) 20652.58 EUR
+1.47% Ethereum (ETH) 1404.28 EUR
+0.32% Litecoin (LTC) 55.8 EUR
-0.37% B-Cash (BCH) 124.77 EUR
+1.69% Ethereum (ETH) 0.0686699 BTC
+0.70% Litecoin (LTC) 0.00273205 BTC
-0.33% B-Cash (BCH) 0.0061004 BTC
-0.90% Bitcoin (BTC) 20241.713 USDC
+0.66% USD Coin (USDC) 1.02 EUR
-0.93% Bitcoin (BTC) 20244.541 USDT
+0.67% Tether (USDT) 1.02 EUR
-0.74% Chainlink (LINK) 7.95 EUR
-0.45% Chainlink (LINK) 0.00038928 BTC
-1.00% Dogecoin (DOGE) 0.06 EUR
-0.30% Dogecoin (DOGE) 0.00000322 BTC
+2.94% Uniswap (UNI) 7.1 EUR
+2.89% Uniswap (UNI) 0.00034744 BTC
+0.33% Cardano (ADA) 0.44 EUR
+0.51% Cardano (ADA) 0.00002163 BTC
+0.69% Tron (TRX) 0.06 EUR
+0.63% Tron (TRX) 0.00000315 BTC
-0.68% Shiba Inu (SHIB) 0.0000116 EUR
-1.25% Zcash (ZEC) 57.79 EUR
-1.06% Zcash (ZEC) 0.002828 BTC
+1.39% Basic Attention Token (BAT) 0.31 EUR
+1.64% Basic Attention Token (BAT) 0.00001542 BTC
-0.40% TradeFlow (TFLOW) 0.051595 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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