Elon Musk Sells 7.92 Million Tesla Shares Worth $6.9 Billion - SEC Filing

Reuters2022-08-10

Aug 9 (Reuters) - Tesla Inc Chief Executive Officer Elon Musk has sold 7.92 million shares in the electric vehicle maker worth $6.9 billion, securities filings showed on Tuesday.

Musk said in April "no further TSLA sales planned," after he sold $8.5 billion worth of Tesla shares - sales likely aimed at helping finance his planned purchase of Twitter Inc.

Tesla did not immediately respond to a Reuters request for comment.

Musk offloaded the shares between Aug. 5 and Aug.9, according to the filings. After the latest stock sale, he now owns 155.04 million shares in Tesla.

Tesla shares have risen nearly 15% since the automaker reported better-than-expected earnings on July 20, also helped by the Biden administration's climate bill that aims to lift the cap on tax credits for electric vehicles.

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Comments

oraclesg
2022-08-11
oraclesg
FlyTomoon
CYKuan
2022-08-10
CYKuan
retail investors are badly affected
Lordtrade500
2022-08-10
Lordtrade500
is that why it dropped tremendously since 5th Aug
russ1122
2022-08-10
russ1122
hi
tentententen
2022-08-10
tentententen
its all a game...
Bluemountain
2022-08-10
Bluemountain
Like please

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