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Elon Musk sells $ 1 billion in Tesla stock and has advice for DOGE-Hodlers



Elon Musk announced on Twitter that he would sell 10 percent of his Tesla shares and is now gradually getting serious. He also has a tip for DOGE-Hodler.

Elon Musk has sold another large block of shares. According to a document filed with the Securities and Exchange Commission on November 23, the sales grossed approximately $ 1.05 billion for the Tesla CEO. According to Reuters, the paper also shows that Musk exercised 2.15 million stock options. The sales were apparently made to collect taxes. Musk has recently sold around 9.2 million shares for $ 9.9 billion in revenue.


On Twitter, Elon Musk's announcement that he would sell ten percent of his Tesla shares caused a stir. He has already implemented about half of this project. In a survey, almost 58 percent of the participants also agreed to this campaign. Musk also defends himself against the accusation of using unrealized profits as a means of tax avoidance.


Musk advises Dogecoin holders to have a private wallet

These sales also had an impact on the price of Tesla shares. This is currently about 10 percent below its all-time high of November 4 at 1,230 US dollars. However, experts largely agree that this is only a temporary phenomenon. 

But that's not the only way Elon Musk is keeping investors in suspense. On Twitter, he also recently released advice for Dogecoin hodlers, pardon: off the leash. Because he advises them to withdraw the tokens from centralized trading platforms so that they can control their own private keys. Back in February, he tweeted that any wallet that does not allow users to control their funds “should be avoided at all costs”. If the exchange were hacked, the money would be gone. However, Hodler have the same problem if their private key is lost, which is why newcomers are often advised against this method. 

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