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Elon Musk Sold More Tesla Stock. It Wasn’t Because of Taxes.


Well, Elon Musk actually sold Tesla stock. But the initial sale wasn’t what investors expected. More sales followed his first disposition. At this point, investors should expect more sales as the slow, somewhat strange process to sell 10% of his stake proceeds.

The CEO of Tesla (ticker: TSLA), the most valuable auto maker, sold a slew of Tesla shares this week. It isn’t the full 10% he proposed in a now much-talked-about Twitter poll. But the sales keep coming, with more stock sold Thursday and reported on in SEC filings…

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