Photo: The B Word
Tesla CEO Elon Musk still holds a significant stake in Tesla, even after selling off many of his shares last year.
Tesla’s stock jumped nearly 5 percent on Tuesday after a securities filing revealed that Musk still owns over one-fifth of Tesla’s shares despite recent stock selloffs, according to Business Insider.
The filing was made Tuesday with the Securities and Exchange Commission (SEC), and it showed that Musk held 231 million shares of Tesla, marking a 21.2 percent stake in the company overall.
At Monday’s closing price of $875.76 per share, the stake is worth roughly $202 billion.
Mormon Church Stock Fund Buys More Tesla Shares, Cuts Back on Ford and GM https://t.co/PmfvJip1lX
— TeslaNorth.com (@RealTeslaNorth) February 15, 2022
It’s still less than Musk held at the end of 2020 (22.4 percent), though the figure may also come as a surprise after Musk sold many of his shares in Tesla last year.
Musk sold shares of Tesla and paid $13.8 billion in taxes throughout Q3 and Q4 last year.
A separate filing made on Monday also revealed that Musk donated $5.7 billion in Tesla shares to an unnamed charity between November 19 and 29.
The donation came just weeks after Musk fired back at the Director of the United Nations over solving world hunger, following the leader’s jabs at Musk challenging him to end world hunger with his wealth.
At the time of writing, Tesla shares are trading at $916.96 (+$41.20), up 4.7 percent from market open.
