Musk sold part of Tesla shares to pay taxes
Elon Musk sold ten percent of his Tesla shares to pay taxes
Elon Musk sold ten percent of his Tesla shares to pay taxes, inc-news reported.
The owner of Tesla raised $ 1.1 billion from the sale of 930 thousand shares of the concern. However, Musk retains 170 million shares in the world’s largest electric car manufacturer.
The businessman explained the decision by the fact that he has no other way to pay the mandatory fee.
Tesla Motors was founded by Musk in 2003 as a developer and manufacturer of electric vehicles and related technologies.
Earlier, Sputnik radio reported that Elon Musk became the richest man in history.