Did Elon Musk Keep His Promise By Selling Tesla Stock?

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Tesla  (TSLA) – Get Tesla Inc Report CEO Elon Musk has sold around $5 billion worth of Tesla stock per SEC filings late Wednesday. The world’s richest man still holds over 3.5 million Tesla shares. 

Related: Tesla Stock Gains After Elon Musk Reveals $5 Billion Share Sale

Earlier on November 6, Musk asked his followers if he should sell 10% of his Tesla stock.

People are wondering if Musk really kept his promise? Well, it’s tricky. According to the SEC filing, some of the stock sales were flagged as early as September. At least part of the sale was to satisfy tax obligations related to an exercise of stock options.

On October 31, Musk said he would sell Tesla stock and donate if the World Food Program delivered a plan to solve world hunger. 

News reports earlier that day suggested that a fraction of the world’s richest people could help solve world hunger.

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