Elon Musk

In additional SEC filings late Wednesday, Tesla (TSLA) has confirmed that CEO Elon Musk has sold roughly $5 billion worth of stocks.

More sales are expected throughout the week.

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.

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?

Elon Musk says that he is prepared to sell about $24 billion worth of Tesla (TSLA) stock if his Twitter followers vote for it.

He says that it is to address the accusation that he is not paying taxes.

Elon Musk has put a stop to Tesla’s (TSLA) historic rally by saying that the Hertz deal is “not signed” and adding that he doesn’t believe it has any effect on Tesla’s economics.

Elon Musk has confirmed that Tesla didn’t give Hertz a discount on its order of 100,000 electric cars.

The CEO also questions Tesla’s incredible stock price surge following the news.

Herbert Diess, CEO of VW, invited Tesla CEO Elon Musk to call in to an internal conference with 200 VW executives in an effort to spur further innovation from his company. The two auto execs continue to have a beyond cordial relationship after Musk tried to hire Diess to become Tesla’s CEO.

Elon Musk called out President Joe Biden for “being controlled by unions” after Tesla was snubbed at a meeting about electric vehicles at the White House.

In new comments, Tesla CEO Elon Musk said that software will shape the future of the automotive industry and added that he believes Chinese automakers are most competitive with Tesla on that front.

Tesla CEO Elon Musk commented on the new federal electric car incentive reform proposed by the Democrats, which includes a big benefit for unions.

Musk alleged that Ford and the United Auto Workers union wrote the new piece of legislation.

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.

Elon Musk announces a date, August 19, for Tesla AI Day, an event to share progress in the automaker’s software and hardware development related to artificial intelligence.

The CEO aims to use the event as a recruiting platform for Tesla’s AI team.

Elon Musk confirmed that Tesla is “most likely” going to resume taking Bitcoin payment after some due diligence on the improvements in the energy mix used to mine the cryptocurrency.

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.

Tesla could move even further into the world of cryptocurrency as Elon Musk teases the potential for the automaker to accept payment using a second cryptocurrency: Dogecoin.

Elon Musk famously doesn’t accept his salary from Tesla, but the CEO still has a generous compensation plan that has the potential to net him around $30 billion this year.

Elon Musk rejected the idea of Tesla going back to having a PR department, and his reasoning behind it is quite revealing: He doesn’t believe in “manipulating public opinion.”

Elon Musk, who has generally welcomed valid criticism, has now dismissed some serious concerns about Tesla as “weird” attacks from the media.

Tesla CEO Elon Musk is reportedly under SEC scrutiny again, and this time, it’s over some alleged cryptocurrency manipulation, especially Dogecoin.

Elon Musk revealed that he has heard that Bill Gates had a big short position on Tesla (TSLA), and he might have lost a lot of money on it.