Elon Musk reportedly sells $5 billion of tesla stock after Twitter poll

Just few days after the world’s richest man, Elon Musk, asked his over 62 million twitter users whether he should sell 10% of his stock in the electric-vehicle company he runs.

Now, the world’s richest man reportedly sold about 3.6 million shares in tesla, worth about 4.5 million shares to meet his tax obligations.

It was his first sales of shares since 2016, when he last exercised stock options.

At the time he also sold some of his shares to cover an income tax bill of $600 million.

Tesla is the world’s most valuable carmaker, with a stock market valuation of more than $1tn.

According to report, Elon Musk owned roughly 170 million shares,

However, The world’s richest man had earlier reveals his thinking of starting a new Univeristy, Texas institute of science and technology.

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