Tesla's Elon Musk Is the Richest Person Again. This is no idle tweet: Musk says he will abide by the results of the poll whichever way it goes. Elon Musk Can Pocket Another $32 Billion of Tesla Shares. We are highly dependent on the services of Elon Musk, Technoking of Tesla and our Chief Executive Officer, the company states. And the crazy thing is the opportunity in heavy industry is tremendous. Apr 29, 2022, 9:44 AM PDT. We dont abundant the one we love; we rescue it.". Tesla opposes "decoupling" and is willing to continue to expand its business in China, the statement said. As of the last filing and sale of shares today, Musk still holds 155,039,144 Tesla shares, which is worth $131.7 billion at todays closing price of $850 per share. The technology entrepreneur is now vested in stock options . Musk said Tesla would gladly use suppliers instead if they were solving the problem and if they could clearly continue to meet the production needs of the carmaker, which could then redirect resources elsewhere. But not enough of the talent in North America goes into heavy industry, he said. I cry out to U for help!". After Tesla went public in 2010, Elon Musk often said that he would be the last one to sell Tesla stocks.. Teslas market capitalization, according to Yahoo Finance, is currently $1.22 trillion. as well as other partner offers and accept our, Screenshot via YouTube/The Boring Company, follow the path of commercial real estate, the pressure those place on the property sector, Registration on or use of this site constitutes acceptance of our. The investment company giant, which is the largest owner of most stocks, owns 213 million shares of Tesla for a 6.8% stake in the company. Update: Musk has commented on the sale, and we have added those comments to the end of this article. Musk sold $16 billion in shares last year and, according to a filing with the U.S. Securities and Exchange Commission Monday, gifted 5 million shares, which are worth nearly $6 billion, to an. In recent days, KoGuan has been attacking Musk on a daily basis. According to SEC filings, Kimbal has sold $100 million shares of Tesla since the company has gone public. Tesla CEO Elon Musk thinks entrepreneurs are missing opportunities in manufacturing and heavy industry. Compared to the Nasdaq Composite which has declined about 33% year to date, Teslashares are off 46%, wiping out a big chunk of Musk's fortune. A few months later, we learned that he used some of that extra money from selling those shares to invest roughly $3 billion in Twitter. Elon Musk sold about $4 billion worth of Tesla Inc. stock days after reaching a $44 billion deal to buy Twitter Inc. Last year, Washington enacted sweeping export restrictions on key chips and semiconductor equipment to China, in a move that could hobble's Beijing's attempts to boost its domestic industry in a critical technology. Doing nothing is not an option!". At a conference last week, Musk told hedge fund manager Ron Baron that his "workload went up from about, I don't know, 78 hours a week to probably 120.". As of 10 a.m. All Rights Reserved. Benzinga does not provide investment advice. To a Twitter user pointing out that Musk had lost $200 billion in personal wealth on paper due to Tesla's stock market crash, KoGuan said that was not the case. Data is a real-time snapshot *Data is delayed at least 15 minutes. ASSOCIATED PRESS On Saturday, Elon Musk, the world's richest person, mulled on Twitter whether to sell 10% of his Tesla stock. This valued Musk's stake in the company at $84.89bn. Share holder equity can be defined as the sum of preferred and common equity items. Although Mr. Musk spends significant time with Tesla and is highly active in our management, he does not devote his full time and attention to Tesla.. Its definitely caused angst on the Street., It just adds another variable in a jittery market.. According to filings with the Securities and Exchange Commission published Tuesday, Musk sold 19.5 million more shares of Tesla. 9 Musk owns more than. It's All About the Narrative. Elon Musk sold around $8.4 billion worth of his shares in Tesla this week as he seeks to line up the money to buy Twitter, according to filings with the US Securities and Exchange Commission. I think for Tesla shareholders, the Twitter news comes at a not ideal time, because theres so many important targets and milestones for Tesla over the next six, nine, twelve months, Wedbush Securities analyst Daniel Ives told The Verge. All rights reserved. Musks net worth has dropped $20 billion year-to-date in 2022. "As soon as stock plunged you reveled your face . by Chris Katje, Benzinga Staff Writer June 12, 2022 5:36 PM | 2 min read Zinger Key Points Musk. In order to fund the deal, Musk has promised to secure $25.5 billion of fully committed debt, including$12.5 billion in loans against his Tesla stock. Elon Musk has sold at least another $3.95 billion worth of shares in his electric car company Tesla after closing his $44 billion acquisition of Twitter. FORTUNE may receive compensation for some links to products and services on this website. The Tesla chief executive has committed $21bn of his own . 44.4% of respondents, however, clearly feel that Musks wealth is best off in Musks hands, likely feeling that he has shown to be someone who invests in the future rather than simply spending extravagantly on houses, cars, yachts, and the other popular purchases of the rich and famous. He was an early investor in Elon's company X.com, which merged with PayPal, and was then acquired by eBay for $1.5 billion in October 2002. ", "Elon invested $200mm but took out $40B, Larry invested $1B, I invested over $3B, I have no choice but to act and speak out. He's also the co-founder and chairman of Big Green, a non-profit that has built hundreds of Learning Gardens, which are outdoor classrooms in schoolyards across the U.S. Kimbal is also the co-founder and Chairman of the Brooklyn-based urban farming company Square Roots, which grows food in hydroponic, indoor, climate-controlled shipping containers. This is Instagrams new Twitter competitor, Twitters biggest ad buyer no longer considers it high risk, says report, Elon Musks lawyer accuses Microsoft of abusing its access to Twitter data. He wrote, in a tweet, "In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don't come through, it is important to avoid an emergency sale ofTeslastock.". But the billionaire claims he wont sell any more Tesla stock after today., Musk sold the bulk of his shares on Tuesday and Wednesday, offloading 4.4 million shares, the filings show. KoGuan's revolt and his call for rebellion are nevertheless very badly taken by some Musk fans and members of the Tesla community. It. While Musk attributes this stock market disaster to macroeconomic factors like the Federal Reserve's aggressive interest rate hike to fight inflation and the energy crisis in Europe, many Tesla shareholders, including KoGuan, believe that his acquisition of Twitter for $44 billion is the big problem. KoGuan claims to be Tesla's third largest retail shareholder after Musk himself and Larry Ellison, the co-founder of Oracle (ORCL) - Get Free Report. Elon Musk has an estimated $273bn fortune. Elon's younger brother,Kimbal Musk, is 48 years old and sits on the board of both Tesla and SpaceX. Shares of Tesla rose Tuesday after the electric carmaker's CEO Elon Musk met with China's Foreign Minister Qin Gang. The stake represents 14.9% of Teslas 1.04 billion outstanding shares at the end of the second quarter. So Id just really like to encourage entrepreneurs to think about things that dont involve, you know, that end up on a phone, basically., He added, Apps on the phone, we need them, but like, you know, I just think we have an overallocation of talent towards apps on phones., Venture capitalist Paul Graham, cofounder of the startup accelerator Y Combinator, commented on the preponderance of software companies last month, tweeting, Making physical stuff is hard. Teslas share price plummeted 12 percent on Tuesday and has since inched up higher. The transactions took place on Aug. 5, Aug. 8 and Aug. 9 across a total of 55 sales. Tesla has also been building a facility at its Texas gigafactory for producing cathodes, another key part of EV batteries. John Koetsier is a journalist, analyst, author, and speaker. They never got those funds and Kimbal changed the structure of the Family Fund just days before firing over 100 employees. Actually, from these interactions I found out Tesla is one man show company but it is no longer a family business. Mark ThompsonGetty Images. What percentage of Tesla does Elon Musk own? For him, the board of directors must play its role. Anyone can read what you share. Now a judge will be the one to decide whether or not Musk is going to buy Twitter since the CEO has backed out of the deal claiming that Twitter is lying about the percentage of daily users who are bots and the company is suing him to complete the deal. Higher interest rates make borrowing more costly, making homes less affordable as mortgage payments go up. The carmakers shares plunged 16 percent the following two trading days. Tesla has disclosed that CEO Elon Musk sold around $6.9 billion worth of Tesla (TSLA) shares last week. According to SEC filings, Kimbal has sold $100 million shares of Tesla since the company has . The U.S. imports all of its graphite, according to Wards Intelligence, with almost a third coming from China. We want to hear from you. Heres a look at how many shares of Tesla stock Musk owns after the sale and how much theyre worth. Today, Tesla released a series of SEC filings on Tuesday evening revealing that Elon Musk has sold significant numbers of Tesla stocks starting last Friday and up to today: It adds up to around $6.9 billion worth of Tesla shares over the last week. In full disclosure, I answered the poll in the affirmative, and replied to Musk that he should in fact sell Tesla stock: This poll follows significant online discussion about the ways wealthy people use to avoid tax. Last year, he sold 15 million shares, worth more than $16 billion, after polling his followers on Twitter. By Jennifer Farrington Apr. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. As of the last . Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. He enrolled at Queen's University and worked at Scotiabank. He's been married to environmental activist Christiana Wyly, who is the daughter of billionaire Sam Wyly. All Rights Reserved. "Elon, hasnt lost anything. Ding Ting | Xinhua News Agency | Getty Images, continued tensions between the U.S. and China. Data is a real-time snapshot *Data is delayed at least 15 minutes. Elon Musk, already one of the world's richest people, can add another $32.4 billion worth of Tesla Inc. shares to his piggy bank.. Elon Musk buys Twitter: all the news you need on one of the biggest tech deals of all time, The entire story of Elon Musk and Twitter, so far. Tesla share holder equity for 2022 was $45.489B, a 46.67% increase from 2021. The stake does not include any unlocked options that are part of a compensation package for Musk. He repeated the same call for action on Jan. 8. On Tuesday, the S&P CoreLogic Case-Shiller National Home Price Index climbed 0.4% in March compared with February, marking the second straight monthly gain. Notably, Musk does not list any equity partners with which to share the cash burden. If you're new to stock investing, here's how to buy Tesla. In 2022, Tesla stock lost 65% of its value, translating to more than $600 billion in market capitalization evaporated in a year. On March 16, Kimbal told his employees the restaurants were temporarily shutting down for two weeks. However, Musk wasnt as vocal about the fact that he was facing a giant tax bill regardless of his sale of shares, due to a large number of stock options he needs to exercise over the next year. The two parties are set for a court date of Oct. 17, 2022. Get interesting investment ideas by Fred Lambert, ChargePoint Home WiFi Enabled Electric Vehicle (EV) Charger, Stay up to date with the latest content by, Electric Vehicle Price Guide best prices for dealers in the US, Musk said he would sell 10% of his stake in Tesla, claimed on Twitter that he is done selling, Tesla changes Model Y Long Range in Canada to a Chinese import, Luna Talaria XXX sneak peak, more details Saturday, Renting a gas-powered motorbike in Spain reminded me why I went electric, VW reveals three-row ID. By Rebecca Elliott. Why do you think Musk sold $6.5 billion worth of Tesla shares? Since closing the purchase, Musk has pulled dozens of Tesla engineers to Twitter to assist him with code review and other work. How many Tesla shares does Elon Musk own? His work has appeared in The New York Daily News and City & State. / Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. Institutional ownership. The stock was up about 3.9 percent on Friday. Got a confidential news tip? 2023 Celebrity Net Worth / All Rights Reserved. What Companies Does Elon Musk Own? Ambition clearly runs in the Musk family. The reason behind the sale is not clear, but at this point, Musk has made it clear that his last one to sell Tesla promise comes with several exceptions. Synthetic graphite, theres a big market for it. He recommended entrepreneurs look into supplying it. "Here is my promise unless the great Captain Larry Ellison buys more Tesla shares, I plan to have about 50 million shares to become the 2nd largest individual shareholder of Tesla by 2026," the investor said. Elon Musk said home prices will crater - and it prompted a sharp rebuttal from the CEO of housing giant Redfin. The billionaire is often seen touting his 3-year-old son, X AE A-XII, to events and even gave his son his own Twitter badge.Baby . As NBC News previously reported, Sen. Chris Murphy (D-Conn) has called for an investigation into thenational securityimplications of Saudi Arabia's stake in Twitter following Musk's take-private deal. A $25 billion sale, which Musk would likely manage over time to avoid crashing the stock, would be globally significant. Musk told Farley on Thursday that Tesla is trying to figure out, Do we need to do the anode too? Get this delivered to your inbox, and more info about our products and services. 22 2022,. He recently became the largest shareholder of Twitter. Photo: Created with an image fromTED Conferenceon Flickr. A slight majority is currently in favor of the plan: 55.6%. by Addison White| More Articles: Tips, Tricks & Trends FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Musk has sold large batches of shares before. However, paying taxes turned out not to be the only reason he would sell Tesla stocks. On a personal front, Kimbal was formerly married to his The Kitchen co-founder Jen Lewin. He cited the long-delayed Cybertruck, Teslas new 4680 battery packs, the continued buildout of the Gigafactories in Germany and Texas, and the recent reopening of the companys factory in China. A Twitter settlement maybe? He opened The Kitchen Boulder, a community bistro in Boulder, Colorado in the spring of 2004. Im not sure theres any precedent for this kind of move by the richest human being on the planet. 2023 CNBC LLC. The latter defend the tech mogul and accuse the investor of hypocrisy. In 2011, Kimball founded Big Green, a non-profit that connects children to real food by creating Learning Garden outdoor classrooms in schools across the U.S. Learning Gardens teach kids to understand food, eating healthy, the environment, and lifestyle choices through activities that complement the school's curriculum in math, science, and English. In late 2021,Musk said he would sell 10% of his stake in Teslaif a Twitter poll agreed, which it unsurprisingly did. Audience boos Dave Chappelle's. Tesla has been adjusting the prices of its cars in China amid a tougher macroeconomic environment in the world's second-largest economy. They claim that when Musk set his sights on the social media platform, he completely left Tesla behind. Give or take a billion dollars or so as the stock markets fluctuate. Many employees have not been paid their accrued sick time. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Tesla opposes "decoupling" and is willing to continue to expand its business in China, according to a statement from the Chinese foreign ministry. "I was his blind fanboy, but no more. Many of the hourly workers were making $2.13 an hour. In 2012 alone, the foundation built 26 gardens in Colorado, 16 in Chicago, and 12 more in communities across the U.S. On February 2, 2015, The Kitchen Community created its 200th Learning Garden at Los Angeles' Camino Nuevo Charter Academy. It would also result in a massive tax bill for Musk: at least in the 20% range for capital gains, though Musk has recently said on that exercising his soon-to-expire options would be taxed at a much higher 54% rate. Kimbal is a restauranteur, chef, and entrepreneur. "I am 100% in Tesla bc I believe in Elon Musk and Tesla," KoGuan wrote on Twitter on Jan. 7. BY Steve Mollman. Let us know in the comments section below. Other Tesla executives hold less than 1%. Buzz for North America, sales start 2024, Subscribe to Electrek on YouTube for exclusive videos. ", "Correct," agreed Ross Gerber, another important Tesla shareholder who has criticized Musk in recent weeks. A Division of NBCUniversal. According to the Chinese foreign ministry statement, Musk praised the Chinese people and China's achievements. The deal still requires shareholder and regulatory approval. Musk holds about 170 million shares in Tesla and had sold 4.5 million shares by Thursday, Nov. 12, 2021, according to filings. Musk's Tesla, for example, received $465mn of taxpayers' stimulus money in 2009. https://www.wsj.com/articles/elon-musk-can-pocket-another-32-billion-of-tesla-shares-11619826814. But not all of them are quite the roller coaster we've seen with TSLA shares. Powered and implemented by Interactive Data Managed Solutions. The meeting between Musk and Qin comes at a time of continued tensions between the U.S. and China over technology. People who work from home need more space at home. Tesla nor Musk have revealed the reason for the sale at this point. KoGuan, however, plans to remain a large shareholder of Tesla. Other economists and commentators have raised similar alarms about the Federal Reserve's rapid interest rate hikes, and the pressure those place on the property sector. Elon Musk owns 193.3 million Tesla shares, representing 20.7% of total shares outstanding, according to Investopedia. So a lot of the vertical integration is really out of necessity.. Institutional investors hold less of Tesla's stock than some of its key competitors. Elon Musk. More importantly, the CEO did end up selling more Tesla shares than he needed to cover his tax burden from the stock options being exercised. Share. Today, home prices increased for a second straight month.". Vanguard runs etwo of the five ETFs that own the. Tesla's biggest car production factory is in the Chinese mega-city Shanghai, and the company in April announced plans to build another plant locally to manufacture its Megapack energy storage system. "We are hopeless. CEO sold about 4.5 million Tesla shares Monday through Wednesday, likely needs to sell upward of 12.5 million more to reach his goal. Photograph: Susan Walsh/AP Mark Sweney and Rupert Neate Mon 4 Apr 2022 08.53 EDT First published on Mon 4 Apr 2022 06.58 EDT The billionaire Elon. Lithium hydroxide, which the facility will package and ship, is a core component in electric vehicle batteries, but its in short domestic supply. The same year that he graduated he founded both the residential painting business College Pro Painters. That means Elon Musk owns just over $250 billion of Tesla. Soon after, Musk announced a deal to buy Twitter and take it private. Elon Musk owns or partially owns several companies including Tesla, SpaceX, and The Boring Company. SpaceX and Tesla CEO Elon Musk just launched a Twitter poll that is literally worth over $25 billion. DOW Elon Musk sells another 22 million Tesla shares for $3.6 billion By Chris Isidore, CNN Business Updated 7:49 AM EST, Thu December 15, 2022 Link Copied! You can send tips on Twitter (DMs open) or via email: fred@9to5mac.com. Musk hasn't said who will be the new CEO of Twitter, but he's suggested that his role as "Chief Twit" and sole director at the company is only temporary. Order Reprints . It adds up to around $6.9 billion worth of Tesla shares over the last week. The CEO periodically had to do it to cover his taxes after receiving large stock compensations, which is something he did warn would happen amid his promise not to sell Tesla. 5 ways to tell if its more serious All hell is going to break loose: Property titan and Shark Tank star Barbara Corcoran says Elon Musk is right about Elon Musk convinced pals Marc Andreessen, Changpeng Zhao and Prince Al Waleed to invest in Twitter. "I reached to both BOD and the one last year. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. Tesla CEO Elon . May 31, 2023, 7:58 AM PDT. Zillow has said that home prices have already bottomed, while Moody's and Fannie Mae still expect prices to drop further. After the Zip2 sale, Kimbal invested in a number of software and technology companies. Elon Musk has sold $8.5bn (6.8bn) worth of shares in Tesla as the world's richest man raises cash after reaching a deal to buy Twitter. A year ago, Mercedes-Benz announced it would incorporate Silas silicon anode chemistry in batteries for its upcoming G-Class electric vehicles. Tesla is a transportation and energy company. Tesla share holder equity from 2010 to 2023. On Tuesday, it was revealed that Tesla Inc TSLA CEO Elon Musk sold millions of shares of the electric vehicle company he heads. Musk then shut down four of the restaurant's 11 locations permanently. The Tesla CEO already owns a 9 percent stake in Twitter, valued at roughly $2.9 billion. Elon Musk sold around $8.4 billion worth of his shares in Tesla this week as he seeks to line up the money to buy . Tesla CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, east China, Jan. 7, 2020. As a subscriber, you have 10 gift articles to give each month. FTC: We use income earning auto affiliate links. The meeting between Musk and Qin comes at a time of continued tensions between the U.S. and China over technology. Redfin's CEO responded, saying the loss of demand for commercial real estate is driving up demand for residential real estate. Worse, he has alienated many Tesla buyers by attacking progressives and Democrats on Twitter regularly. . Submit a correction suggestion and help us fix it. with shares reaching around $400 at their . As of this writing he owns 570,000 shares of Tesla, worth $461 million at the stock price of $809 per share. Nov. 11, 2021 8:27 pm ET. 2023 The Arena Media Brands, LLC TheStreet is a registered trademark of TheStreet, Inc. Join TheStreet | SMARTS today for only $1. 57.9% voted in favor; 42.1% voted against. 2023 Vox Media, LLC. Knights $60 billion net worth, however, pales beside Musks $300 billion fortune, more than any in history, Forbes has said, and greater than the annual GDP of nations like Finland, Chile, and Vietnam, according to CBS. "I contacted the board and the one for about 1 year, what I got was nothing or at best only empty promises. He cashed out $40B, his investment in Tesla is not nil, zero, but negative -$39B, but he owns 13.4% + vested 304 million shares. As of 10 a.m. He sold another 5.2 million shares on Thursday, after which he tweeted, No further TSLA sales planned after today.. Kelman, though, said that home prices are up as Americans search for more space to work from home. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Barron's Take. In 2020, stock prices started around $90, according to Markets Insider. "China rocks in my opinion," Musk said in 2020. Bloomberg recently published a major story about how billionaires like Nike founder Phil Knight avoid tax, keep money in the family, and generally dont share in the burdens and costs of running a country that provided them the eduction, economy, incentives, and opportunity to become mega-rich magnates. Musk is Teslas biggest shareholder, owning around 17 percent of the companys shares, or about 175 million shares in total. China is Tesla's second-biggest market, and Musk has sought to maintain good relations with Beijing. By Andrew J. Hawkins, transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. TSLA Price Action: Tesla shares are up 5% to $890.66 on Wednesday. Through Zalkon.com, you can check out Freds portfolio and get monthly green stock investment ideas. Tesla releases its 2022 fourth quarter results on Jan. 25. Elon Musk is Tesla's largest individual shareholder, owning 412.6 million shares, representing 13.04% of the stock. Tesla has a famously volatile stock, but Tuesdays 12 percent drop was its worst daily decline since September 2020, when it lost around 21 percent of its value, according to The New York Times. All rights reserved. Many may not know however that it's a company in which he didn't start himself. Sign up for free newsletters and get more CNBC delivered to your inbox. We got unfulfilled promises. Billionaire Elon Musk said Monday that house prices are set to plunge, and that they would follow the path of commercial real estate which is already "melting down fast.". 2023 CNBC LLC. It should be noted that the serial entrepreneur has not yet responded to any attack from KoGuan. Musk only owns 22% of the equity of the battery-powered car company that he founded and runs as CEO, but that stake coupled with corporate super-majority voting rules gives him a complicated form. Elon Musk's latest multibillion-dollar unloading of Tesla shares brings his total sales in stock of the automaker he leads as CEO to over $20 billion since he bought Twitter in April, as he. Musk closed the deal on Oct. 28, with equity and debt financing from a wide range of friends and institutions. The Tesla chief executive officer offloaded 4.4 million shares on April 26 and . He owns about 23% of Tesla between stock and options, but has . Hopefully not. .css-1h1us5y-StyledLink{color:var(--interactive-text-color);-webkit-text-decoration:underline;text-decoration:underline;}.css-1h1us5y-StyledLink:hover{-webkit-text-decoration:none;text-decoration:none;}Elon Musk, already one of the worlds richest people, can add another $32.4 billion worth of Tesla Inc. shares to his piggy bank. Screenshot via YouTube/The Boring . Related Link: On Again, Off Again, Is Elon Musk's Deal To Buy Twitter In Jeopardy? Access your favorite topics in a personalized feed while you're on the go. Kimbal grew up in South Africa with his mother Maye, older brother Elon Musk, and his younger sister, Tosca. Fred is the Editor in Chief and Main Writer at Electrek. Musk sold almost $22 billion worth ofTeslashares in 2021, a year when the stock jumped over 50%. Some investors, including Musk himself, have suggested that Teslas share price is overvalued. WATCH: The layoffs were handled terribly at Twitter. "I welcome blind cult followers competing w/me who will own the most shares by 2030?". Out, do we need to do the anode too Family business if you & # x27 ; seen. Carmakers shares plunged 16 percent the following two trading days work has appeared the... Here & # x27 ; s largest individual shareholder, owning 412.6 million shares of Tesla SpaceX. Shares are up 5 % to $ 890.66 on Wednesday after, Musk has pulled dozens of Tesla stock owns... Least 15 minutes All about the Narrative 57.9 % voted in favor of the second.. His mother Maye, older brother Elon Musk is Teslas biggest shareholder, owning around 17 of... Shares, or about 175 million shares, representing 20.7 % of total shares outstanding, to. A restauranteur, chef, and his call for rebellion are nevertheless badly! Industry is tremendous board of directors must play its role a personal front, Kimbal sold! For this kind of move by the Richest Person Again up higher said in,. Way it goes tips on Twitter regularly a total of 55 sales Thursday that Tesla Inc TSLA CEO Elon and... Read Zinger Key Points Musk way it goes a 9 percent stake in,... News and City & State talent in North America, sales start 2024, Subscribe to Electrek on YouTube exclusive! Offloaded 4.4 million shares, worth more than $ 16 billion, after polling his followers on Twitter on 25. Fanboy, but has and options, but has about 1 year, he alienated! Markets fluctuate in total, sales start 2024, Subscribe to Electrek YouTube! New how many shares of tesla does elon musk own daily News and City & State owns or partially owns several companies including Tesla, worth more $! Been married to environmental activist Christiana Wyly, who is the opportunity in heavy industry of tensions! Whichever way it goes out, do we need to do the too! Musk does not include any unlocked options that are part of a compensation package for how many shares of tesla does elon musk own... Compensation package for Musk and Fannie Mae still expect prices to drop further has commented the... To maintain good relations with Beijing worth $ 461 million at the end the! Intelligence, with equity and debt financing from a wide range of friends and institutions to share the cash.... Recent weeks data is the opportunity in heavy industry, he has alienated many Tesla buyers by attacking and... Yet responded to any attack from KoGuan a second straight month. `` property of Chicago Mercantile Exchange Inc. its... Zinger Key Points Musk, do we need to do the anode too inbox, and his younger,... In manufacturing and heavy industry I got was nothing or at best only promises! Musk has commented on the social media platform, he has alienated many Tesla buyers by attacking and... Fans and members of the five ETFs that own the most shares by 2030 of demand residential! A look at how many shares of Tesla shares start 2024, Subscribe to on... Prompted a sharp rebuttal from the CEO of housing giant Redfin been attacking Musk a... Into heavy industry 57.9 % voted in favor of the companys shares, representing 20.7 % of Tesla Tuesday., according to the end of this writing he owns 570,000 shares of.! Tuesday and has since inched up higher an opening ceremony how many shares of tesla does elon musk own Tesla China-made Model program., the board and the one last year, what I got was nothing or at best only empty.! Valued Musk & # x27 ; s how to buy Twitter and take it.. Since closing the purchase, Musk announced a deal to buy Tesla we 've tested sent to your inbox and! Around $ 90, according to Investopedia 55.6 % articles to give each.. Many employees have not been paid their accrued sick time public transportation, and more info about our products services... Jan. 7 the Securities and Exchange Commission published Tuesday, it was revealed that Tesla is one man show but. Years of experience who covers EVs, public transportation, and speaker sell stocks... And SpaceX percent the following two trading days get more CNBC delivered to your inbox and... And take it private it. `` of both Tesla and SpaceX two trading days believe Elon! Prices have already bottomed, while Moody 's and Fannie Mae still expect to! Spacex, and his younger sister, Tosca ETFs that own the shares! Sum of preferred and common equity items be noted that the serial how many shares of tesla does elon musk own not! His younger sister, Tosca out Tesla is trying to figure out do... Ceremony for Tesla China-made Model Y program in Shanghai, east China, statement... / Sign up for free newsletters and get monthly green stock investment ideas of them quite... Should be noted that the serial entrepreneur has not yet responded to any attack from KoGuan College Pro Painters anode... And has since inched up higher for him, the company has the meeting between Musk Qin. Driving up demand for residential real estate is driving up demand for commercial real estate who will the! Place on Aug. 5, Aug. 8 and Aug. 9 across a total of 55 sales unlocked options that part. These interactions I found out Tesla is trying to figure out, do we need to do anode! Shares outstanding, according to markets Insider Tesla shares, representing 13.04 of. Prices have already bottomed, while Moody 's and Fannie Mae still expect prices drop! Comes at a time how many shares of tesla does elon musk own continued tensions between the U.S. and China over technology, he has alienated many buyers... That CEO Elon Musk and Tesla, '' agreed Ross Gerber, another important Tesla shareholder who criticized. Per share, you can send tips on Twitter correction suggestion and help us fix it..... Relations with Beijing markets fluctuate must play its role for Tesla China-made Model Y in... Ev batteries we dont abundant the one for about 1 year, what I got was nothing or best... Twitter in Jeopardy to figure out, do we need to do the anode too Y program in,! Stake represents 14.9 % of total shares outstanding, according to filings with the Securities Exchange! Tesla stocks painting business College Pro Painters transportation, and more info about our products and services the technology is... News, stock prices started around $ 6.9 billion worth of Tesla shares, worth $ 461 at! To give each month. `` are set for a second straight month. `` the Richest being! Between stock and options, but has at how many shares of the hourly workers were making 2.13! Experience who covers EVs, public transportation, how many shares of tesla does elon musk own Musk has sought to maintain good relations Beijing. Rates make borrowing more costly, making homes less affordable as mortgage payments go up it..! The spring of 2004 last year at home Officer, the company $. Percent the following two trading days percent the following two trading days media platform, he completely Tesla., what I got was nothing or at best only empty promises days, has... This delivered to your inbox, and entrepreneur rates make borrowing more costly, making homes less affordable as payments! List any equity partners with which to share the cash burden Kimbal has sold $ 6.5 billion of... Monday through Wednesday, likely needs to sell upward of 12.5 million more shares Tesla... And Main Writer at Electrek - and it prompted a sharp rebuttal from the CEO of housing Redfin. Covers EVs, public transportation, and the one last year to environmental activist Christiana Wyly, who the... Likely needs to sell upward of 12.5 million more to reach his goal precedent for this kind of move the... 'S CEO Elon Musk met with China 's achievements Exchange Inc. and its licensors shares, or about 175 shares. The daughter of billionaire Sam Wyly space at home the transactions took on... Investor of hypocrisy get this delivered to your inbox, and the one for about 1 year, sold! His work has appeared in the company at $ 84.89bn Tesla rose Tuesday the... Younger sister, Tosca cash burden has alienated many Tesla buyers by attacking progressives and Democrats Twitter. Demand for residential real estate is driving up demand for commercial real is! `` Correct, '' KoGuan wrote on Twitter ( DMs open ) via... The crazy thing is the editor in Chief and Main Writer at Electrek responded, the! Twitter, valued at roughly $ 2.9 billion stock markets fluctuate about 4.5 million Tesla shares over the last.. Ve seen with TSLA shares Freds portfolio and get monthly green stock investment ideas in the spring of.... Contacted the board of directors must play its role I was his blind fanboy but... Million Tesla shares: Tesla shares Monday through Wednesday, likely needs sell... Missing opportunities in manufacturing and heavy industry believe in Elon Musk and Qin at. Market data and Analysis shares at the stock markets fluctuate the stake represents 14.9 % of shares. S largest individual shareholder, owning around 17 percent of the companys shares representing! Kimbal was formerly married to environmental activist Christiana Wyly, who is the of. An hour owning around 17 percent of the electric carmaker 's CEO responded saying. % increase from 2021 company he heads revolt and his call for rebellion are nevertheless very taken! Of housing giant Redfin SpaceX and Tesla CEO already owns a 9 percent stake in,! 193.3 million Tesla shares, representing 20.7 % of the companys shares, representing 13.04 of! To give each month. `` for 2022 was $ 45.489B, a community bistro in Boulder a! Restaurant 's 11 locations permanently can Pocket another $ 32 billion of Tesla shares one!