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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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评论56

  • Mariko88
    ·2021-12-15
    Waiting to re-enter at $700 plus and for it to rocket 🚀 [Happy] 
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  • 吉祥TC
    ·2021-12-14
     Buy on dip if someone sold at$500
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  • Indu
    ·2021-12-14
     An we buy now.
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  • WT8899
    ·2021-12-14
    Will the price continue to dip?🧐
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  • KyveTang
    ·2021-12-14
    Should I buy now?
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  • PS153
    ·2021-12-14
    thank you Elon.
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  • Sherrill
    ·2021-12-14
    No wonder. Time to buy more ? 
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    • Sherrill
      hi
      2021-12-18
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    • Isaiahtcy
      Hi
      2021-12-18
      回复
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    • Isaiahtcy
      Buy more
      2021-12-17
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    查看更多 1 条评论
  • Geee
    ·2021-12-14
    The product is still the future - all the best! 
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  • ERIC KHOO SG
    ·2021-12-14
    Hope telsa is still fine and ok after all these fud
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  • Sunny_Bee
    ·2021-12-14
    According to the table in the article, he bought more shares than he sold. Why is the title of the article just reflect half the story? LOL
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    • Sunny_Bee
      Yup! That is the exact word -- "exercised". Cheers!
      2021-12-14
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    • ParableTalen
      he didn't buy though. he exercised his options to gain more stocks.
      2021-12-14
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    • ZEROHERO
      They wanna ppl fo short so they can buy cheap.
      2021-12-14
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  • Pluto891
    ·2021-12-14
    smart ...he flee..we better flee
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  • JLKang
    ·2021-12-14
    Good for Musk
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  • LimLS
    ·2021-12-14
    Tesla 200 day moving average can be a good support place to look at. That's around 760. Some may feel it's too low though. But for others, safety first. Or take the middle ground, start buying in batches once it gets below 900 and add little more whenever it drops 50-100
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  • GuSen
    ·2021-12-14
    Elon is a teaser. Nobody buying TSLA can claim that they are not privy to his antics or news. After all, he is the ‘Iron Man’ in real life.Fundamentals of company is promising but currently overvalued. Do we not buy into a company’s potential? He sold his shares to own more of his company. Do you think he is quitting? Price fluctuations are expected as speculators flock to it while investors fret with anticipation. Question is when the dust is settled, are you in or out?If EV is the future, where should you position yourself? Can you stomach the volatility and reap the long-term benefits? Do your DD and decide. Ask oneself instead of others’ opinion. Speculators trade on news/rumours but investors buy into the business based on result outcomes. Choose you
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    • GuSen
      🤞🏻
      2021-12-14
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    • ZEROHERO
      He will complete his 10% sales before annoucing the good news during Jan earnings call. Ppl will complain if he lets the cat out of the bag while continue with the sales aka pump & dump.
      2021-12-14
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  • Tsuklshl
    ·2021-12-14
    Omh!
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  • Thalos
    ·2021-12-14
    Learn the lessons from old. Don’t buy on speculation. Know the real business 
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  • seojun
    ·2021-12-14
    More sales...
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  • AndyLwa
    ·2021-12-14
    B z  be, n   b=.  ,z   the the@瓦肯财经 @古哥聊美股c
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  • HH浩
    ·2021-12-14
    He listen to the poll results? 
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  • iwise
    ·2021-12-14
    30% left, finally..
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