{"id":365330,"date":"2021-11-11T06:25:24","date_gmt":"2021-11-11T03:25:24","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/elon-musk-offloads-1-1b-in-tesla-stock\/"},"modified":"2021-11-11T06:25:24","modified_gmt":"2021-11-11T03:25:24","slug":"elon-musk-offloads-1-1b-in-tesla-stock","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/elon-musk-offloads-1-1b-in-tesla-stock\/","title":{"rendered":"# Elon Musk offloads $1.1B in Tesla stock"},"content":{"rendered":"<p>&#8220;<strong># Elon Musk offloads $1.1B in Tesla stock <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvNWUxYTM0OTQtZjllZS00OTEyLWE0OTctYjkxYWEyZDBjMmQ4LmpwZWc=.jpeg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Tesla CEO Elon Musk has offloaded more than one billion dollars worth of shares according to recent financial filings.\u00a0<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1318605\/000089924321044077\/xslF345X03\/doc4.xml\">Filings<\/a> submitted on Nov. 11 to the Securities and Exchange Commission confirm the sale of more than 934,000 Tesla shares worth around $1.1 billion.<\/p>\n<p>Musk sold the shares at an average price of around $1,170, locking in almost 180% in gains in prices over the past year. It is just the third time Musk has sold company stock since Tesla went public on the Nasdaq in 2010, and it is his largest transaction.<\/p>\n<p>The filings show that Musk planned to sell the stock as part of his tax obligations back in September. He polled his 63 million followers at the weekend, asking whether he should sell 10% of his Tesla holdings. Of the 3.5 million respondents, almost 58% said yes. However the Tesla CEO has sold less than 1% in this sale and still holds more than 170 million shares.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock.<\/p>\n<p>Do you support this?<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/elonmusk\/status\/1457064697782489088?ref_src=twsrc%5Etfw\">November 6, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nIn response to the poll, he noted \u201cI do not take a cash salary or bonus from anywhere. I only have stock, thus the only way for me to pay taxes personally is to sell stock.\u201d<\/p>\n<p>In the days following the poll, Tesla stock slumped 16% to dip below $1,000 briefly on Nov. 10. TSLA had hit an all-time high of $1,230 on Nov. 4 and it is currently around 11% down from that peak.<\/p>\n<p><strong><em>Related:<\/em><\/strong><strong><em> <\/em><\/strong><strong><em>Bitcoin dips below $67K as Tesla stock slump combines with <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>le CEO denying crypto plans<\/em><\/strong><\/p>\n<p>There has been speculation \u2014 hopium really \u2014 in crypto circles that he may put some of that cash into digital assets. Mr. Whale<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoWhale\/status\/1458594445813760001\"> asked<\/a> his 357,000 followers: \u201cWhich cryptocurrency should he buy to make himself the first-ever trillionaire?\u201d<\/p>\n<p>MicroStrategy CEO Michael Saylor<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/saylor\/status\/1457090070427705347\"> suggested<\/a> he buy more Bitcoin following the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> poll but before the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> emerged about this sale:<\/p>\n<blockquote><p>\u201cIf the goal is diversification, an alternate strategy to consider is converting the $TSLA balance sheet to a Bitcoin Standard and purchasing $25 billion in $BTC. That would deliver diversification, inflation protection &amp; more upside for all investors in a tax efficient manner.\u201d<\/p><\/blockquote>\n<p>According to<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitcointreasuries.net\/\"> BitcoinTreasuries<\/a>, Tesla currently holds 43,200 BTC worth an estimated $2.79 billion at current prices.<\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/elon-musk-offloads-1-1b-in-tesla-stock\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Elon Musk offloads $1.1B in Tesla stock &#8221; Tesla CEO Elon Musk has offloaded more than one billion dollars worth of shares according to recent financial filings.\u00a0 Filings submitted on Nov. 11 to the Securities and Exchange Commission confirm the sale of more than 934,000 Tesla shares worth around $1.1 billion. Musk sold the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":365331,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvNWUxYTM0OTQtZjllZS00OTEyLWE0OTctYjkxYWEyZDBjMmQ4LmpwZWc=.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[117,39394,70359,36402],"class_list":["post-365330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-business","tag-elon-musk","tag-stocks","tag-tesla"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/365330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=365330"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/365330\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/365331"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=365330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=365330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=365330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}