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Elon Musk sells $1.1 billion worth of Tesla stock (TSLA), but also collects $2.3 billion more

Tesla has confirmed in a new SEC filing that Elon Musk sold about $1.1 billion worth of Tesla stock (TSLA) after announcing that he would through a strange Twitter poll.

However, he also collected about $2.3 billion worth of Tesla shares through stock options that he exercised from his previous CEO grant.

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Tesla (TSLA) stock falls as Elon Musk plans to sell 10% of his stake

Tesla Elon Musk

Tesla’s (TSLA) stock is falling by as much as 5% in pre-market trading – seemingly putting a bookend on an incredible rally. This is against the backdrop of the US passing the landmark infrastructure package which includes big outlays for EV ecosystem.

One of the main catalysts appears to be Elon Musk confirming plans to sell 10% of his stake in the company over growing pressure over the idea that “the rich don’t pay taxes”.

But is he being genuine?

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Tesla Model S vs. Model 3: Comparing sedans side by side

Tesla Model S Model 3

The Tesla Model S and Model 3 provide drivers with either a taste of veteran performance, or refreshing innovation and value. Both combine to form the US automaker’s line of electric sedans, although they share more of their mechanical makeup with their respective assembly-line SUV partners. Below is a comprehensive breakdown comparing the two to help you decide which sedan may be best for you.

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Tesla Model X vs. Model Y: How Tesla’s larger EVs size up

Tesla model x model y

In its quest to offer an electric vehicle (EV) option to suit everyone on the planet, Tesla has expanded the size and scope of its carbon-conscious repertoire over the past 17 years. Tesla currently manufactures two sport utility options – the mid-sized offensive lineman of the Tesla family, the Model X, and the new(er) crossover kid on the block Model Y. Below is a side-by-side matchup of both Teslas to help you decipher which option may be better for you.

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