Musk Sells $1.1 Billion Tesla Stock to Meet Taxes

The video discusses Elon Musk's sale of Tesla shares to meet tax obligations related to stock options. It covers the facts of the transaction, including the number of shares sold and the price. The video also explores public opinion, as reflected in a Twitter poll, and speculates on Musk's future actions. Despite the sale, Tesla shares rose in after-hours trading, contrary to typical market behavior. The regulatory filing confirms the sale was to meet tax obligations.

Why did Elon Musk sell 934,000 shares of Tesla stock?

• To donate to charity

• To meet tax obligations from stock options

• To buy a new company

• To invest in a new project

What was the result of the Twitter poll regarding Musk's stock sale?

• 42% voted against the sale

• 58% voted for the sale

• 58% voted against the sale

• 42% voted for the sale

How many Tesla shares did Elon Musk originally own?

• 170 million

• 100 million

• 200 million

• 150 million

What was the market reaction to Musk's stock sale?

• The shares dropped significantly

• The shares remained stable

• The shares rose in after-hours trading

• The shares were unaffected

What does the regulatory filing state about the purpose of Musk's stock sale?

• To support a charitable cause

• To meet tax obligations on stock options

• To fund a new business venture

• To comply with a court order