Elon Musk lost $ 50 billion due to the Twitter poll

The poll launched via Twitter by Elon Musk turns out to be an own goal (almost certainly wanted by Musk himself) for Tesla’s value. In recent days, through his Twitter profile, Elon Musk has left his followers the opportunity to decide on the sale of 10% of his Tesla shares. The poll then concluded with a slight yes victory which led Musk to sell 10% of his shares.

Musk lost over $ 50 billion from the poll launched on Twitter

The value of Tesla’s shares fell sharply on the stock exchange. For Musk therefore, aat an estimated loss of $ 50 billion. At the same time, Musk’s brother, Kimbal, member of the Tesla board of directors, it sold nearly 9,000 shares of the Californian house before the poll ended with the victory of the self. The sale generated approximately $ 109 million (Kimbal sold approximately 15% of its stake).

The value of the Californian company has returned to the levels of last October

Currently, Tesla shares are worth $ 1,023.50. Until a few days ago, prior to the question of the survey, the value of the shares was over $ 1,200. The current figure is still higher than the value that Tesla had until the middle of last October.