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Tesla’s Elon Musk held 21.2% stake in TSLA as of the top of 2021, reveals SEC submitting

Tesla’s Elon Musk held 21.2% stake in TSLA as of the top of 2021, reveals SEC submitting

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Following his large TSLA inventory selloff late final 12 months, Tesla CEO Elon Musk nonetheless held a 21.2% stake within the firm by the top of 2021. This was in response to a current submitting with the Securities and Alternate Fee. 

With a 21.2% stake in Tesla by the top of 2021, Musk successfully held 231,715,206 shares within the firm. At Monday’s closing worth of $875.76 a share, Musk’s 21.2% stake could be price about $202 billion. It ought to be famous that this doesn’t symbolize Musk’s largest stake but in Tesla, as the same submitting from a 12 months in the past revealed that the CEO held a 22.4% stake within the firm by the top of 2020. 

Musk’s current SEC submitting got here not lengthy after it was revealed that the CEO had donated over 5 million TSLA shares to an undisclosed charity final 12 months. The Tesla CEO began donating the TSLA shares on November 19, 2021, which occurs to be just some days after United Nations’ World Meals Program (WFP) Chief David Beasley offered a complete clarification for the group’s plans to battle the starvation disaster. 

Again in November 2021, Musk initiated a stock-selling spree following a ballot on Twitter that requested customers of the social media platform if he ought to promote about 10% of his stake within the EV maker. Studies indicated that Musk had offered 15.7 million TSLA shares by the top of December, which was almost equal to the ten% stake that the CEO had deliberate to promote. Regardless of this, Musk was in the end nonetheless capable of increase his TSLA stake by exercising inventory choices to buy extra shares at $6.24 every, a fraction of what they’re buying and selling for at this time. 

Musk famous again in December that he could be paying about $11 billion in taxes as a consequence of his TSLA selloff. This successfully made Musk’s 2021 tax invoice one of many largest in the US’ historical past, translating to about $1 million in taxes per day since Musk came to visit to the nation to check enterprise and physics on the College of Pennsylvania in 1992 or about $1.5 million per day because the CEO turned a US citizen in 2002. 

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Disclaimer: I’m lengthy TSLA.

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Tesla’s Elon Musk held 21.2% stake in TSLA as of the top of 2021, reveals SEC submitting






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