Elon Musk Teases Resignation from Tesla Position

Tesla Chief Executive Officer Elon Musk has once again posted a controversial tweet, tweeting about quitting his jobs and becoming a full-time influencer.

The Tesla chief posted a joke tweet about quitting his top-level job after revealing that he had disposed of more Tesla stock. According to regulatory filings seen on Thursday, the Tesla CEO sold $963 million worth of shares. In 5 weeks, Elon Musk has let go of a huge $11.8 billion worth of Tesla stock.

Musk, who is also the world’s richest man went to Twitter and posted that he had discovered a ‘new calling’. The tweet read that he was thinking of quitting his job and becoming a full-time influencer. He asked his 66 million followers what they thought of the idea, and the comment section under the tweet was filled with laughing emoji replies.

Elon Musk is quite humorous, but shareholders and regulators have not always been huge fans of the humour in Musk’s Twitter antics. In 2018, Musk made a joke on April Fools’ Day about the company going bankrupt. After this, Tesla shares dipped significantly. Later that same year, Musk was sued by the United States Securities and Exchange Commission over tweets about making Tesla a private company at a price that was recognisable in ‘marijuana culture’, a move he believed would amuse his partner at the time.

Prior to the start of regular trading on Friday, Tesla shares declined by 2%. The stock has seen a fall of 18% from a peak on November 4, as Musk continued to offload shares. Last month, Musk popularly told his Twitter followers that he would follow a poll on whether he should sell 10% of his total stake in the Electric Vehicle maker. Since then, Musk has let go of well over 11 million shares.

At the moment, Musk is about two-thirds through with offloading 10% of his direct share ownership. If the limit which he has referred to includes exercisable options, the Tesla chief will need to offload about an additional 6 million shares.