Since its initial public offering in 2010, Tesla stock has increased significantly; in the summer of 2020, it overtook Ford as the most valuable automaker, and later that year, it joined the S&P 500.
In October 2021, it reached a market capitalization of $1 trillion, the sixth company in U.S. history to do so.
In November 2021, Musk proposed, on Twitter, to sell 10% of his Tesla stock, since "much is made lately of unrealized gains being a means of tax avoidance".
After more than 3.5 million Twitter accounts supported the sale, Musk sold $6.9 billion of Tesla stock within a week,[132] and a total of $16.4 billion by year end, reaching the 10% target.
In February 2022, The Wall Street Journal reported that both Elon and Kimbal Musk were under investigation by the SEC for possible insider trading related to the sale.
In 2022, Musk unveiled a robot developed by Tesla, Optimus.
The SEC sued Musk in 2018 after Musk claimed in a tweet that funding had been secured for possibly taking Tesla private.
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