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Elon Musk Sells $1.02 Billion Worth of Tesla Shares

Tiger Newspress2021-12-29

Elon Musk sold $1.02 billion of Tesla Inc. shares, according to a filing with the U.S. Securities & Exchange Commission.

The Tesla chief executive officer sold 934,090 shares, the filing showed.

Musk, the world’s richest person, has been offloading Tesla stock since asking his Twitter followers in November whether he should sell some of his stake.

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  • LohYK
    ·2021-12-29
    Much have been focused on the selling but Elon actually gain more shares after the whole thing. - exercising the expiring options at dirt cheap prices - paying the billion dollar taxes In conclusion, Elon increased his holding on the company. He could he made much more if not for the taxes.
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    • ladyman
      The rise and fall of Tesla's share price have little to do with whether Musk cashes out. What we really need to pay attention to is the trend of the Federal Reserve. If the Federal Reserve announces a rate hike, it means that the bull market of American stocks, which has been a master for many years, has come to an end. At this time, Tesla's share price, which is seriously overvalued, will definitely plunge.
      2021-12-29
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    • BecauseOfYou
      Musk is a great entrepreneur. Without his leadership, Tesla would not be today. Musk almost went bankrupt two years ago, but now he is the richest man in the world. He made Tesla, not Tesla made him. In this case, what's wrong with him choosing to pay taxes in cash? Perhaps his other new projects to transform the world need more money.
      2021-12-29
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    • kiekie
      Don't care if he buys stocks or not. A person who has no salary has to consider survival. Without Musk's contribution, where can Tesla be today?
      2021-12-29
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  • tkj
    ·2021-12-29
    This is the dilemma of company management.  When the price is good, they cannot sell as it may be construed as bad things going to come. How pathetic when u are sitting on a pot of gold but cannot capitalise on it.....
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    • keepcalm
      Everyone has their own troubles. Don't worry about them. Good luck. Happy new year
      2021-12-29
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    • lemonadey
      Carefully study every company that wants to invest. Don't worry about it.
      2021-12-29
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    • huuou
      Rich people have many ways to cash out.
      2021-12-29
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  • UTOtrader
    ·2021-12-29
    Sell more sell all hahaha
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  • Frosty4ever
    ·2021-12-29
    Elon has completed his selling.  Quarterly production numbers coming out next week. 
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    • CatherineGunter
      It seems TSLA investors are a little touchy about anyone calling the stock price overvalued. They’ve forgotten the old saying; never fall in love with a stock. They actually believe TSLA stock is not only fairly valued but going higher.
      2021-12-30
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    • FranklinMorley
      Tesla not as far ahead as I thought... At least not as a longer-term sustainable advantage. That is my concern now. The technology is seemingly less proprietary giving advantage to the legacy automakers to ramp up faster than anticipated.
      2021-12-30
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    • BaronLyly
      These shooters are very consistent. They want to make quick $$$. Got to keep the ground up. It won’t even break $1110. Unless, it’s all pre market and it could go on either way.
      2021-12-30
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  • KukuSaguru
    ·2021-12-29
    Sell more is good to bring price down
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  • jaster
    ·2021-12-29
    Elon says he is selling Tesla stock to pay taxes, but he has sold far more than is necessary to pay off his taxes. The fact that the founder/CEO (who presumably has unparalleled access to insider information) is doing so should be a huge warning to anyone not blinded by the Tesla hype.
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    • CyrilDavy
      I got into TSLA at $52 in 2018 while a lot of people were bashing the stock and the company. Now TSLA is $1000+. Bash all you want. People see the future of this company and the great CEO
      2021-12-30
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    • CrystalRose
      I’ve said while ago, there are no Gas cars in my garage other than TSLA X, Y, n 3, altogether need only 1 Charger! Enjoy watching Many TSLA in the road these days.
      2021-12-30
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    • littlesweetie
      I thought Musk was done selling.. Looks like he wanted to sell the last bunch at a higher price. Borders on price manipulation?
      2021-12-30
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  • Home22
    ·2021-12-29
    Should bring the price down or split shares
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  • Home22
    ·2021-12-29
    Should bring the price down or split shares
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  • HengHuat
    ·2021-12-29
    Just do what you need and keep shut your mouth 
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    • ming22
      Haha [Like]
      2021-12-29
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  • Jjjjia
    ·2021-12-29
    Like pls 
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  • Tradeyy
    ·2021-12-29
    Like
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    • Jjjjia
      Done
      2021-12-29
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  • GhordofWar
    ·2021-12-29
    Please sell it back to 8XX
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  • JLKang
    ·2021-12-29
    Sekl into the rally 
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  • Juanlee
    ·2021-12-29
    He needs more cash to buy over Mercedes Daimler. 
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  • zion1
    ·2021-12-29
    Elon sold his shares again. So hold on guys.
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  • highhand
    ·2021-12-29
    More the merrier! 
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    • Tradeyy
      like
      2021-12-29
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  • Geoz88
    ·2021-12-29
    Lol
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  • Muppy
    ·2021-12-29
    No wonder dipperooni
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  • 无极阿尔法
    ·2021-12-29
    Nice
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    • Muppy
      discount
      2021-12-29
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  • LeeJC
    ·2021-12-29
    Final trench!
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