Elon Musk, the world’s richest man, has sold millions of shares in Tesla Inc
Elon Musk sold shares worth 1.22 Lakh Crores So now you know where the money raised is being used – Elon Musk layout: Elon Musk has sold shares worth 1.22 Lakh Crores so far, the money raised can be used here
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Elon Musk news: Elon Musk, the richest man in the world, has sold millions of shares of Tesla Inc. In the past few months. By selling these shares, Musk raised an amount of about $16.4 billion (about Rs.1.22 thousand crore). According to one report, they can use this amount for three very important business.
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Elon Musk, the world’s richest man, has sold millions of shares in Tesla Inc in the past few months. By selling these shares, Musk raised an amount of about $16.4 billion (about Rs.1.22 thousand crore). According to one report, they can use this amount for three very important business. Let us tell you that before selling his shares, the Tesla CEO also sought out people’s opinion on Twitter.
Pay Federal Taxes First
According to the report, Elon Musk has to pay about $11 billion in federal taxes. This is one of the main reasons why he sold a large portion of his shares in Tesla. Obviously, the largest use of the money raised by selling the shares will be used to pay off this liability. Even after that tax is paid in full, Musk will still have about $5.4 billion.
You will fulfill this second responsibility
According to this report, the most important liability is the federal tax, but after it is paid, Elon Musk will pay another tax. Yes, Tesla’s headquarters have been in California for many years. However, he has now moved to Texas. But they still have some tax liability because of the options in California, which are about $2 billion. After these commitments are paid, Musk will have approximately $3.4 billion left.
Invest the rest here
After getting rid of these two big wanted, about Elon Musk’s third important plan, the report said that Elon Musk will invest the remaining $ 3.4 billion. He could make this investment in his company, SpaceX. We’ve seen in the past that they put money into SpaceX by selling shares. Notably, before selling his Tesla stock, Musk sought public opinion with a Twitter poll and most users voted yes. After this Twitter poll, the world’s richest person started selling shares and sold about 10.3 million shares in three times.
