Why Tesla Stock Perked Up Today
Tesla (NASDAQ: TSLA) stock has been on a downslide as CEO Elon Musk slowly worked on unloading the 10% of his shares he publicly said he was aiming for. The stock is down 13.5% over the past month. But shares perked back up Wednesday morning after Musk said in an interview that he has sold all that he intends to for now. As of 10:25 a.m. ET, Tesla shares were up 4.6%.
Musk was on The Babylon Bee podcast last night where the normally satirical site shifted its format for a straightforward interview. Musk talked about his stock sales, taxes, and why he moved Tesla's headquarters from California to Texas earlier this month. Musk has now sold 13.5 million Tesla shares, and says he's close enough to his goal to sell what he needed to pay his hefty tax bill. Musk had said last weekend that he would be paying $11 billion in taxes this year.
Source Fool.com
