U.S. stocks plummeted: Musk said he sold enough

In the past two days, the stock market has been bad, especially the US stock market, which has been affected by the bad expectations of the Omi clone virus, and the stock index has been lashing out. Tesla CEO Elon Musk said in an interview posted Tuesday that he had sold "enough stock" to fulfill his plan to sell 10 percent of his shares.

"I've sold enough stocks to reach (selling) a level of about 10 percent, plus exercising options, and I try to be as straightforward as possible at this point." He said in an interview with the satirical website Babylon Bee.

Asked if he was selling shares because of the investigation on Twitter, he said he would need to exercise his stock options that expire next year "anyway." He also added that he sold additional "incremental shares" to get close to the plan to sell a 10 percent stake.

Of the 13.5 million shares that Musk sold, 8.06 million were sold to pay taxes related to the exercise of stock options. Musk said on Twitter on Sunday that he would pay more than $11 billion in taxes this year.

Musk personally moved to Texas last year and moved Tesla's headquarters from California to Texas this month. In the interview, he slammed California for "over-taxing." "California used to be a land of opportunity, and now... It's becoming more and more like a place of over-regulation, over-litigation, over-taxation," he added, adding that in California it's "getting harder and harder to get things done."

However, some people accuse that Musk is not selling, but the US stock market is not performing well enough.

(7836718)