Happy New Year: Elon Musk Gets $25 Billion Richer On 2022’s First Trading Day As Tesla Stock Soars

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Happy New Year: Elon Musk Gets $25 Billion Richer On 2022’s First Trading Day As Tesla Stock Soars
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Elon Musk is starting the new year off strong

Musk, who is Tesla’s CEO and owns about 15.6% of its stock, continues to sell shares. In late December, he closed out the year by unloading nearly 3 million shares on the open market to cover the tax bills on some 5.7 million stock options he simultaneously exercised. Musk

for 2021, which could place him among the biggest individual U.S. taxpayers ever. He sold 15.7 million Tesla shares, worth more than $16 billion , over the course of the year.

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Forbes /  🏆 394. in US

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