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Musk exercised 2.1 million Tesla options on November 15 at a price of $6.24, according to the SEC files.

Tiger Newspress2021-11-16

Tesla(TSLA.O)CEO Elon Musk has sold $930 million in shares to meet tax withholding obligations related to the exercise of stock options, U.S. securities filings showed on Monday.

Musk sold 934,091 shares after exercising options to buy 2.1 million stocks at $6.24 each on Monday. Tesla shares closed at $1,013.39. He is required to pay income taxes on the difference between the exercise price and fair market value of the shares.

This is the second time in a week that the billionaire has exercised his stock option. Last Monday, he sold another 934,000 shares for $1.1 billion after exercising options to acquire nearly 2.2 million shares.

The two options-related sales were set up in September via a trading plan that allows corporate insiders to establish preplanned transactions on a schedule, the filings said.

As of the end of 2020, he had an option to buy 22.86 million shares, which expire in August next year, a Tesla filing shows.

On Nov. 6, Musk polled Twitter users about selling 10% of his stake, pushing down Tesla's share price after a majority on Twitter said they agreed with the sale. It was not clear how or whether the trading plan related to Musk's Twitter poll.

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  • Karenz
    ·2021-11-17
    Ok
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  • Ginnybean
    ·2021-11-17
    Price drop more so I can buy more [Grin] 
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  • Tanyl
    ·2021-11-16
    Waiting TSLA good price to in
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    • Tanyl
      $950
      2021-11-17
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    • MeowTamara
      less than half of what it is now
      2021-11-16
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    • lks
      What will be a good price to enter?
      2021-11-16
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  • Moonyluna
    ·2021-11-16
    Buy $6+ sell $1000+ Damn. 
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  • HearMeRoar
    ·2021-11-16
    Drop more please
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  • winsolutions
    ·2021-11-16
    Is Mr E going to buy more crypto??? Maybe Solana and Polkadot. Let's see 👀 
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  • Huatkor
    ·2021-11-16
    Like please. 
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  • sungjacob
    ·2021-11-16
    Do u think it is wise to sell now and minimise losses and buy again when it dips? After all, Elon is set to sell even more shares
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    • CCCH
      if you holding the shares, perhaps should keep it. watch further
      2021-11-16
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    • PagRobinson
      I think this is a good opportunity to buy. Never mind Musk's selling behavior. He is to avoid paying a lot of taxes. We should focus on Tesla's long-term value.
      2021-11-16
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    • EricVaughan
      This is certainly a good opportunity to buy Tesla. The electric vehicle industry is very promising. Tesla's share price will rise in the future!
      2021-11-16
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  • Windkaze
    ·2021-11-16
    Did he just buy stock at $6+ each while selling the existing same stock at $1000+ each? Wow..
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  • Godz
    ·2021-11-16
    sell 10% and buy 20% hehehe
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  • DragonKC
    ·2021-11-16
    Tesla is a meme stock,  if u willing to invest, accept the price volatile pressure. 
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    • JovRene
      ok
      2021-11-17
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  • Foxie
    ·2021-11-16
    Nah just hold. It’s still going up in long term. 
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  • Jialatsia
    ·2021-11-16
    Meep
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  • HenryG
    ·2021-11-16
    The sharp uptrend was scary, now waiting for the dip.
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  • boonk
    ·2021-11-16
    Wow... If I have just 1k of the stock options too 
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  • daz8888
    ·2021-11-16
    Elon sold TSLA to buy RIVN shares haha lol
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  • Snowwhite
    ·2021-11-16
    Pls drip further but pls let me sell away my balance 2 shares first [Miser] 
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  • Deonc
    ·2021-11-16
    Good, thank you for sharing. Please like and comment. Thanks.
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    • Deonc

      thanks

      2021-11-16
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    • Deonc

      thanks.

      2021-11-16
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    • Deonc

      Please like and comment.

      2021-11-16
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  • Cecilia1
    ·2021-11-16
    Tesla is resilient. Will bounce right back coz sales not based on anything negative. So well publicised why he is selling. Hoping he sells more... so price will drop further. 
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  • Universe宇宙
    ·2021-11-16
    Stock market meltdown coming?
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