Musk has sold 70.18% of Tesla shares promised to bear

Tiger Newspress2021-12-14

Tesla Inc Chief Executive Officer Elon Musk has sold nearly $13 billion worth of shares since early November when the world's richest person polled Twitter users about offloading 10% of his stake in the electric-car maker.

The billionaire sold another 934,091 shares of the electric vehicle maker worth $906.5 million, U.S. securities filings showed on Monday.

He also exercised stock options to buy 2.13 million shares of Tesla, according to the filings.

Musk has sold about 11966421 Tesla shares since November 8, accounting for 70.18% of its previously committed shares.

Here is a string of transactions he has done:

DATE SHARES ACQUIRED SHARES SOLD GROSS PROCEEDS
NOV. 8 2.2 mln
NOV. 8 934,091 $1.10 bln
NOV. 9 3.1 mln $3.35 bln
NOV. 10 500,000 $527.3 mln
NOV. 11 639,737 $687.3 mln
NOV. 12 1.2 mln $1.24 bln
NOV. 15 2.1 mln
NOV. 15 934,091 $930.7 mln
NOV. 16 2.1 mln
NOV. 16 934,091 $973.4 mln
NOV. 23 2.15 mln
934,091 $1.05 bln
DEC. 2 2.1 mln
934,091 $1.01 bln
Dec.9 2.17 mln
934,091 $963.2 mln
Dec.13 2.13 mln
934,091 $906.5 mln
Total 14.96 mln 11.97 mln $12.74 bln

HOW DID MUSK SELL?

Musk said on Nov. 6 he would sell 10% of his stake if Twitter users agreed. He owned a combination of about 244 million shares through his trust and stock options, bringing his stake in Tesla to about 23% as of June 30. It included 170 million shares held by his trust.

The tweet was vague. Musk did not outline if he was intending to offload 10% of his shares he indirectly owned through the trust or if his stock options were also part of the deal.

Tesla’s stock has lost 21% since a peak in November as Musk has trimmed his stake. He’s still added almost $98 billion to his fortune this year, taking it to $253.6 billion, according to the Bloomberg Billionaires Index.

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精彩评论

  • Mariko88
    2021-12-15
    Mariko88
    Waiting to re-enter at $700 plus and for it to rocket 🚀 [Happy] 
  • 吉祥TC
    2021-12-14
    吉祥TC
     Buy on dip if someone sold at$500
  • Indu
    2021-12-14
    Indu
     An we buy now.
  • WT8899
    2021-12-14
    WT8899
    Will the price continue to dip?🧐
  • KyveTang
    2021-12-14
    KyveTang
    Should I buy now?
  • PS153
    2021-12-14
    PS153
    thank you Elon.
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