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Tesla Stock Climbed 2% in Premarket Trading

Tiger Newspress2021-12-29

Tesla stock climbed 2% in premarket trading.

Elon Musk sold another $1 billion worth of Tesla Inc. stock Tuesday, as he closes in on his goal of divesting 10% of his stake in the electric-vehicle maker.

According to filings Tuesday with the Securities and Exchange Commission, Musk sold about 934,000 shares, worth about $1.02 billion. He also exercised options on 1.55 million shares.

That brings his total to about 15.8 million shares unloaded since Nov. 7, when he posted a Twitter poll asking if he should sell 10% of his Tesla stake. Altogether, the stock sales have been worth a little over $16 billion. He has also exercised about 22.8 million stock options — all of his vested options that would have expired next year.

At the time of his Twitter poll, Musk’s 10% stake came out to about 17 million shares.  Last week, Musk tweeted that he was “almost done,” with just “a few tranches left.” Most of the stock sales were scheduled in September, to pay for a roughly $11 billion tax bill.

Last week’s comments halted a monthlong slump in Tesla’s stock price since his selloff began, as the company regained a market cap above $1 trillion.

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  • adonis123
    ·2021-12-30
    Still need to monitor the price
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  • MiaoMia0
    ·2021-12-29
    He is done for this batch of selling. It's state in the 10B5-1 plan. "THIS RULE 10B5-1 TRADING PLAN WAS COMPLETED ON DECEMBER 28, 2021"🚀🚀🚀
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    • adonis123
      back to normal
      2021-12-30
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    • Vincewjs
      yea
      2021-12-29
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    • Nickystonks
      yep yep
      2021-12-29
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    查看更多 1 条评论
  • Jeg
    ·2021-12-29
    Up
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  • currylow
    ·2021-12-29
    Nice
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    • Jeg
      yep
      2021-12-29
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  • Winyss10
    ·2021-12-29
    latest
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    • currylow
      ye
      2021-12-29
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  • maxwellC
    ·2021-12-29
    Yuhu
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  • MN27
    ·2021-12-29
    Like pls
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    • FrankieYeo
      great
      2021-12-29
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    • maxwellC
      Great
      2021-12-29
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  • kdcc
    ·2021-12-29
    Like pls thanks.. 
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    • WangZhai
      pls like in return
      2021-12-29
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    • WWXY
      done
      2021-12-29
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  • Bankai
    ·2021-12-29
    Huattt! 
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  • saimatkong
    ·2021-12-29
    Okay 
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  • cleverbest
    ·2021-12-29
    nice
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  • Novaa
    ·2021-12-29
    Nice man. Lets go
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    • Torres87
      go
      2021-12-29
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  • Dave1992
    ·2021-12-29
    Nice
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  • waiwaiho
    ·2021-12-29
    Pls like, thanks 
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    • waiwaiho
      done
      2021-12-29
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    • Dave1992
      ok
      2021-12-29
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