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Why does Elon Musk want to sell Tesla?
Last week, following Musk’s twitter poll, Burry suggested Musk needed to sell Tesla stock to pay off personal debts. Burry said, “There is the matter of the tax-free cash he took out in the form of personal loans backed by 88.3 million of his shares at June 30th.”
Who is Tesla’s CEO 2021?
Elon Musk
Elon Musk is the CEO of two companies, Tesla and SpaceX — but if you ask him, his role as chief executive is essentially just “a made-up title.”
So, to pay that tax bill, Musk needs to raise some cash. He’s done that by selling stock. The SEC filing detailing Monday’s sale of more than 930,000 shares listed the reason for the transaction as being “solely to satisfy [Musk’s] tax withholding obligations related to the exercise of stock options.”
Has Elon Musk sold Tesla?
Dec 13 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk has sold another 934,091 shares of the electric vehicle maker worth $906.5 million, U.S. securities filings showed on Monday. He also exercised stock options to buy 2.13 million shares of Tesla, according to the filings.
Is Elon Musk still CEO?
With $100 million of his early fortune, Musk founded Space Exploration Technologies Corp., traded as SpaceX, in May 2002. As of 2021, he remains the company’s CEO and also holds the title of Chief Engineer.
Is Elon Musk coming to India?
Elon Musk’s Starlink satellite Internet will come to India, according to the SpaceX founder. Starlink, which was started by SpaceX, uses a constellation of satellites to provide Internet connectivity with lower latency. The first two satellites were launched in February 2018.
Is Tesla coming to India in 2021?
On Friday, Tesla CEO Elon Musk unveiled the plans of foraying into the Indian EV market. Recently, an unofficial account of Tesla Club India on Twitter asked Elon about the company’s plans for India. On which Elon hinted that the company would debut in 2021.
Is Elon Musk bringing Tesla cars to India?
Musk revealed his plans to bring Tesla cars to India in his response to a Twitter post that asked about the progress on Tesla’s planned entry into India. “Next year for sure,” Musk said in response to the tweet that posted pictures of T-shirts with “India wants Tesla” and “India loves Tesla” printed on them.
Will Tesla set up a research and Innovation Centre in Bengaluru?
Recently Tesla had initiated talks to set up a research and innovation centre in Bengaluru. Earlier in May 2019, Chennai-based automobile manufacturer Ashok Leyland invited Tesla for a partnership to help Elon Musk bring the Tesla brand of electric vehicles to India.
Why is Tesla planning to set up a retail store in India?
Tesla’s India plans come when the government is pushing the Indian automotive companies to expedite electric vehicle manufacturing in the country. According to the country’s FDI policy, it is mandated that any company aiming to set up a retail location, must sell at least 30\% of locally sourced goods.