Why Is Elon Musk Selling More Stocks And Launching ATVs For Kids?

thecekodok

 Perhaps this is the so -called 20 -year -old with 30 years of coat experience.


Tesla chief executive Elon Musk has sold another 934,091 shares of his electric car worth US $ 1.01 billion to meet his tax obligations related to the exercise of an option to buy 2.1 million shares.


In early November last Musk had sold as much as 10% of his stake after a tweet he made received a consumer response asking him to sell it.


Since Nov. 8, Musk has exercised options to buy 10.7 million shares and sold 10.1 million shares for US $ 10.9 billion.


Musk still has the option to buy about 10 million more shares at a price of $ 6.24 each that will span the August period next year.



Meanwhile, Tesla also launched an electric quad bike for children in the United States (US) priced at $ 1,900 each after 2 years of introducing an all-terrain vehicle (ATV) with its Cybertruck pickup vehicle.


According to the company’s website, the 4-wheeled ATV or ‘Cyberquad’ for the kids is inspired by the Cybertruck model and will start shipping in another 2 to 4 weeks.


However, such bikes are not available in Hawaii, Alaska and Puerto Rico.


Earlier, Musk had tweeted in 2019 that the electric ATV would come first as a replacement for the much-anticipated and yet-launched Cybertruck by Tesla whose production is still facing supply chain problems.


Tesla has also launched the agave -based liquor ‘Tesla Tequila’ to the prototype humanoid robot ‘Tesla Bot’ the company has produced a variety of unique products in the past.

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