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Musk has sold 75.66% of Tesla shares he promised to sell

Tiger Newspress2021-12-17

Tesla Inc Chief Executive Officer Elon Musk has sold nearly $14 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 for $884.1 million on Thursday to pay for taxes on the exercise of stock options at a price of $6.24 to buy 2.2 million shares in Tesla, according to U.S. securities filings.

Musk has sold about 12900512 Tesla shares since November 8, accounting for 75.66% of his 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 2.2 mln
934,091 $1.05 bln
DEC. 2 2.1 mln
934,091 $1.01 bln
Dec.9 2.2 mln
934,091 $963.2 mln
Dec.13 2.1 mln
934,091 $906.5 mln
Dec. 16 2.2 mln
934,091 $884.1 mln
Total 17.2 mln 12.9 mln $13.62 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 stock has dropped 25% since a peak on Nov. 4.

With a $243 billion fortune, Musk is the world’s richest person, according to the Bloomberg Billionaires Index.

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评论40

  • itradeidream
    ·2021-12-17
    934091 the magic number 
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  • ming22
    ·2021-12-17
    Wow at 6.24 [Miser] 
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  • SSVC
    ·2021-12-17
    Another 24% to sell…
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  • Miaoj
    ·2021-12-17
    Rich get richer
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  • tig2021
    ·2021-12-17
    Ok
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  • LimLS
    ·2021-12-17
    Not only Elon is selling, many big tech companies management are selling their shares. The reason might be due to taxes, personal reasons or just feeling the price is being overvalued. Hard for us to tell the real reason. No point to speculate. We can also sell part of our holdings and buy back later when cheaper. But never sell all. We might be just wrong in our guess
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    • Njook
      good thinking
      2021-12-17
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    • tig2021
      ok
      2021-12-17
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    • _J_R_
      Good point
      2021-12-17
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  • SGboy
    ·2021-12-17
    The Rich people mind set. Selling at the Highest.
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    • MichelleOng
      Like back thanks
      2021-12-18
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    • CCCH
      agree
      2021-12-17
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    • MarcO
      its not only the rich people mindset. if you are a trader this should be the mindset of all regardless if you are a billionaire. Basic Trading 101
      2021-12-17
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  • StefanieChua
    ·2021-12-17
    likes
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    • DChia
      Ok
      2021-12-17
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    • Etet1985
      ok
      2021-12-17
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    • MarcO
      sure why not. its all about Elon
      2021-12-17
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  • Grifterfmj
    ·2021-12-17
    Like
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  • eslebe
    ·2021-12-17
    Jin song... Buy @$6. Sell @ $9xx. 
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    • Ivanami
      With that millions and millions of $Tesla Motors(TSLA)$ options, anyone can do with zero monthly salary.
      2021-12-17
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    • ZEROHERO
      But no monthly salary all along. Still need to pump in own capital for last 10 years.
      2021-12-17
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    • JooL
      [Miser]
      2021-12-17
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    查看更多 1 条评论
  • dominicou
    ·2021-12-17
    Woahhh
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  • Yansen
    ·2021-12-17
    @ $6.24, oh I want... 😀
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  • Tinkerbell88
    ·2021-12-17
    [Happy] 
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  • RichardNeo
    ·2021-12-17
    Thank you for letting us buy the dip
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    • J288
      lol
      2021-12-17
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  • millions1223
    ·2021-12-17
    Thanks for discount!
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  • CHECK1894
    ·2021-12-17
    Too smart
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  • maOQiu
    ·2021-12-17
    To the moon
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    • maOQiu
      [Miser]
      2021-12-17
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  • OptionJedi
    ·2021-12-17
    Time to exit
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    • Bodoh
      Ok
      2021-12-17
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  • RieslingHawk
    ·2021-12-17
    Paying the taxes is just an excuse lol, First he is diluting your shareholding. Second, he is dumping at record rate because valuation is not justified long term. Third, his execrise price is $6.24, and you're paying $900 + per share. Elon laughing to the bank and would like to thank your contribution to his networth.
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    • RieslingHawk
      You do realise him owning more shares is diluting your shareholding right? When the market is full of ignorant people like this, valuation won't be sustained for long.
      2021-12-17
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    • xinda
      Only that he actually owns more shares now than before the "dump". Pls update yourself first
      2021-12-17
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    • maOQiu
      to the moon
      2021-12-17
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  • Bob87
    ·2021-12-17
    He is just cashing out free money. [Miser] [Miser] [Miser] 
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