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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Comments

  • Yappydappy
    2021-12-29
    Yappydappy
    Zzzz
  • matrix20xx
    2021-12-29
    matrix20xx
    OMG. power.
  • RO8
    2021-12-29
    RO8
    Wow
  • LohYK
    2021-12-29
    LohYK
    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.
    • doubleZ: 
      Totally agree. Team Elon all the way!
    • snixee: 
      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.
    • blinkix: 
      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.
    • wubbix: 
      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?
  • tkj
    2021-12-29
    tkj
    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.....
    • huuou: 
      Rich people have many ways to cash out.
    • twizzy: 
      Everyone has their own troubles. Don't worry about them. Good luck. Happy new year
    • whimsie: 
      Carefully study every company that wants to invest. Don't worry about it.
  • UTOtrader
    2021-12-29
    UTOtrader
    Sell more sell all hahaha
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