Elon Musk: Sells stock and says he wants to leave his post. Pantomime or reality?
While many would say that Elon Musk's behavior on Twitter could be considered a troll or a joke, we would like to remind you that the CEO sold more than $ 10 billion worth of shares in a month after unofficial results of a Twitter poll suggested he should. to do it.
Elon Musk tweeted, somewhat surprisingly, that he is considering leaving his executive positions, and asked his followers for advice:
thinking of quitting my jobs & becoming an influencer full-time wdyt
– Elon Musk (@elonmusk) December 10, 2021
I'm thinking about quitting my jobs and becoming a full time influencer. What do you think (WDYT).
Musk currently holds leadership positions at Tesla, SpaceX, Neuralink and The Boring Company.
Reuters notes that earlier this year, Musk also hinted at the potential idea of stepping down from his role. Musk also recently announced that he would not always appear on Tesla's conference calls.
“ It would be nice to have a little more free time instead of working day and night, from when I wake up to when I go to sleep seven days a week. Quite intense, ”he said at a conference in January.
Later on Thursday night through Friday morning, Musk also tweeted "no violins4me" and "i cum in peace". Not exactly the right phrases for a CEO of a large group.
On the same day that he "joked" about the layoff, Elon Musk sold another $ 963 million in Tesla stock, bringing his 6-week total to about $ 11 billion in shares sold.
Musk sold an additional 934,091 shares on Thursday, according to filings with the SEC. He also exercised stock options to buy 2.17 million shares at the same time, ”reports CNBC .
Recall, we noticed less than a week ago that Musk had sold $ 10 billion worth of stock over the span of about a month.
These sales have taken place, at least until now, without the share price being affected too much. Almost a miracle that still seeks an explanation. Recall that for this sale, equal to 1.7% of Tesla shares, it was, at least in theory, decided by Musk after hearing his Twitter followers. The sale was justified on tax grounds to avoid paying two billion dollars to the state of California.
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Elon Musk article : He sells stock and says he wants to leave his post. Pantomime or reality? comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/elon-musk-vende-azioni-e-dice-che-vuole-lasciare-il-proprio-posto-pantomima-o-realta/ on Sun, 12 Dec 2021 07:00:07 +0000.