Elon Musk combined a disclosure that he has disposed of more Tesla stock with a joke tweet about quitting his jobs.
Tesla’s chief executive offloaded shares worth $963 million to pay taxes on the exercise of an additional 2.2 million options, according to regulatory filings. He has now disposed of stock worth about $11.8 billion over five weeks.
A couple of hours after the filings were posted, the world’s richest man quipped that he had found a new calling.
“Thinking of quitting my jobs & becoming an influencer full-time,” Mr Musk wrote, asking his almost 66 million followers what they thought of the idea. He followed this up with several laughing-emoji replies.
Shareholders and regulators have not always appreciated the humour in Mr Musk’s Twitter high jinks. Tesla shares plunged after a post in jest on April Fools’ Day in 2018 said that the company had gone bankrupt.
Later that year, the US Securities and Exchange Commission sued him over tweets about taking Tesla private at a price significant in marijuana culture, which he thought would amuse his girlfriend at the time.
Tesla fell 2 per cent to $983.90 before the start of regular trading on Friday. The stock has fallen 18 per cent from a peak on November 4 as Mr Musk offloaded shares.
He told his Twitter followers last month that he would abide by a poll he took on whether he should sell 10 per cent of his stake in the carmaker. He has disposed of more than 11 million shares since then.
Mr Musk is now about two thirds of the way through trimming 10 per cent of his direct share ownership. If the threshold he has referred to includes exercisable options, he will need to get rid of approximately another six million shares.
The chief executive of Tesla and Space Exploration Technologies is the world’s richest man, with a $266 billion fortune that has grown by $110bn this year, according to the Bloomberg Billionaires Index.
COMPANY%20PROFILE
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Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
more from Janine di Giovanni
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MATCH INFO
Day 1 at Mount Maunganui
England 241-4
Denly 74, Stokes 67 not out, De Grandhomme 2-28
New Zealand
Yet to bat
COMPANY%20PROFILE%20
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What is graphene?
Graphene is extracted from graphite and is made up of pure carbon.
It is 200 times more resistant than steel and five times lighter than aluminum.
It conducts electricity better than any other material at room temperature.
It is thought that graphene could boost the useful life of batteries by 10 per cent.
Graphene can also detect cancer cells in the early stages of the disease.
The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.
8 traditional Jamaican dishes to try at Kingston 21
- Trench Town Rock: Jamaican-style curry goat served in a pastry basket with a carrot and potato garnish
- Rock Steady Jerk Chicken: chicken marinated for 24 hours and slow-cooked on the grill
- Mento Oxtail: flavoured oxtail stewed for five hours with herbs
- Ackee and salt fish: the national dish of Jamaica makes for a hearty breakfast
- Jamaican porridge: another breakfast favourite, can be made with peanut, cornmeal, banana and plantain
- Jamaican beef patty: a pastry with ground beef filling
- Hellshire Pon di Beach: Fresh fish with pickles
- Out of Many: traditional sweet potato pudding
More from Neighbourhood Watch
Silent Hill f
Publisher: Konami
Platforms: PlayStation 5, Xbox Series X/S, PC
Rating: 4.5/5
The biog
Name: Abeer Al Bah
Born: 1972
Husband: Emirati lawyer Salem Bin Sahoo, since 1992
Children: Soud, born 1993, lawyer; Obaid, born 1994, deceased; four other boys and one girl, three months old
Education: BA in Elementary Education, worked for five years in a Dubai school
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
Race%20card
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UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
Why seagrass matters
- Carbon sink: Seagrass sequesters carbon up to 35X faster than tropical rainforests
- Marine nursery: Crucial habitat for juvenile fish, crustations, and invertebrates
- Biodiversity: Support species like sea turtles, dugongs, and seabirds
- Coastal protection: Reduce erosion and improve water quality
Brief scoreline:
Manchester United 2
Rashford 28', Martial 72'
Watford 1
Doucoure 90'
