Jazzc85
2021-11-11
Oh..
[Surprised]
Elon Musk Sells $1.1 Billion of Tesla Stock To Meet Taxes
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[Surprised]","highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/870194884","repostId":1174921397,"repostType":4,"repost":{"id":"1174921397","pubTimestamp":1636591506,"share":"https://www.laohu8.com/m/news/1174921397?lang=&edition=full","pubTime":"2021-11-11 08:45","market":"sh","language":"en","title":"Elon Musk Sells $1.1 Billion of Tesla Stock To Meet Taxes","url":"https://stock-news.laohu8.com/highlight/detail?id=1174921397","media":"Bloomberg","summary":"Tesla Inc. Chief Executive Officer Elon Musk exercised 2.15 million stock options in the electric ca","content":"<p>Tesla Inc. Chief Executive Officer Elon Musk exercised 2.15 million stock options in the electric car-maker, and then sold stock, shortly after he held a vote over <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> asking his followers whether he should sell some of his stock.</p>\n<p>Musk on Monday exercised the options at a price of $6.24 per contract, according to a regulatory filing Wednesday. He subsequently sold 934,000 shares to collect about $1.1 billion.</p>\n<p>The shares were sold “solely to satisfy the reporting person’s tax withholding obligations related to the exercise of stock options,” the filing said. The contracts, which came from a stock option award Musk received in 2012, were set to expire in August next year.</p>\n<p>Tesla rose 4.3% on Wednesday to close at $1,067.95, paring losses this week to less than 13%. The decline on Monday and Tuesday wiped out $50 billion from Musk’s net worth.</p>\n<p>It’s the billionaire’s first sale since 2016, when he last exercised stock options and liquidated some of his newly acquired shares to cover about $590 million of income taxes.</p>\n<p>The sale was prompted by a Nov. 6 poll Musk set up on Twitter, saying that “much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock.” Almost 58% of the 3.5 million votes were cast in favor of a sale.</p>\n<p>Musk, 50, is the world’s richest person with an almost $300 billion fortune, according to the Bloomberg Billionaires Index. His common shares in Tesla make up about 60% of it. That indicates Musk may carry out additional sales to fulfill his promise.</p>\n<p>— With assistance by Andrew Heathcote</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elon Musk Sells $1.1 Billion of Tesla Stock To Meet Taxes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElon Musk Sells $1.1 Billion of Tesla Stock To Meet Taxes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-11 08:45 GMT+8 <a href=https://www.bloomberg.com/news/articles/2021-11-10/elon-musk-sells-tesla-stock-after-twitter-vote-to-meet-taxes?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla Inc. Chief Executive Officer Elon Musk exercised 2.15 million stock options in the electric car-maker, and then sold stock, shortly after he held a vote over Twitter asking his followers whether...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-11-10/elon-musk-sells-tesla-stock-after-twitter-vote-to-meet-taxes?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.bloomberg.com/news/articles/2021-11-10/elon-musk-sells-tesla-stock-after-twitter-vote-to-meet-taxes?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174921397","content_text":"Tesla Inc. Chief Executive Officer Elon Musk exercised 2.15 million stock options in the electric car-maker, and then sold stock, shortly after he held a vote over Twitter asking his followers whether he should sell some of his stock.\nMusk on Monday exercised the options at a price of $6.24 per contract, according to a regulatory filing Wednesday. He subsequently sold 934,000 shares to collect about $1.1 billion.\nThe shares were sold “solely to satisfy the reporting person’s tax withholding obligations related to the exercise of stock options,” the filing said. The contracts, which came from a stock option award Musk received in 2012, were set to expire in August next year.\nTesla rose 4.3% on Wednesday to close at $1,067.95, paring losses this week to less than 13%. The decline on Monday and Tuesday wiped out $50 billion from Musk’s net worth.\nIt’s the billionaire’s first sale since 2016, when he last exercised stock options and liquidated some of his newly acquired shares to cover about $590 million of income taxes.\nThe sale was prompted by a Nov. 6 poll Musk set up on Twitter, saying that “much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock.” Almost 58% of the 3.5 million votes were cast in favor of a sale.\nMusk, 50, is the world’s richest person with an almost $300 billion fortune, according to the Bloomberg Billionaires Index. His common shares in Tesla make up about 60% of it. 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