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Musk’s Factbox-Tesla Sells Stocks Worth Nearly $13 Billion

FILE PHOTO: Tesla Inc CEO Elon Musk walks beside a screen showing a picture of a Tesla Model 3 vehicle during the opening ceremony of the China-made Model Y program in Shanghai
FILE PHOTO: Tesla Inc CEO Elon Musk walks next to a screen showing a picture of a Tesla Model 3 vehicle during the opening ceremony of the Model Y program made by Tesla China in Shanghai, China May 7 1 2020. REUTERS / Aly Song / File Photo

December 14, 2021

By Hyunjoo Jin

(Reuters) -Tesla Inc CEO Elon Musk has sold nearly $13 billion worth of stock since early November as the world’s richest person polls Twitter users about the sale reduce its 10% stake in the electric car maker.

The billionaire sold another 934,091 shares for $906 million on Monday to pay taxes on the exercise of a stock call option to buy 2.13 million Tesla shares, according to US securities filings.

Here is a sequence of transactions he made:

STOCKS DATE WITH STOCK REQUIREMENTS FOR SALE PROGRESS DISCOUNTS

MAY. 8 2.2 million won

MAY. 8 934,091 $1.10 billion

MAY. 9 3.1 million 3.35 billion USD

MAY. 10 500,000 dollars 527.3 million

MAY. 11 639,737 $687.3 million

MAY. 12 1.2 million $1.24 billion

MAY. 15 2.1 million won

MAY. 15 934,091 $ 930.7 million

MAY. 16 2.1 million won

MAY. 16 934,091 $ 973.4 million

MAY. 23 2.15 million VND

934,091 $1.05 billion

DECEMBER. 2 2.1 million won

934,091 $1.01 billion

December, September 2.17 million

934,091 $ 963.2 million

December 13 2.13 million VND

934,091 $ 906.5 million

Total 14.96 million 11.97 million $12.74 billion

HOW IS MUSK SELLED?

Musk said on November 6 he would sell his 10% stake if Twitter users agreed. He owns about 244 million shares of stock through trusts and stock options, bringing his ownership in Tesla to about 23% as of June 30. It includes 170 million shares in his trust. holding.

Vague tweet. Musk did not specify whether he intends to sell off 10% of the shares he indirectly owns through the trust or whether his stock options are also part of the deal.

(Reporting by Hyunjoo Jin in San Franscisco and Subrat Patnaik and Akash Sriram in Bengaluru; Editing by Stephen Coates)

https://www.oann.com/factbox-teslas-musk-sells-shares-worth-nearly-12-billion-in-a-month/?utm_source=rss&utm_medium=rss&utm_campaign=factbox-teslas-musk-sells-shares-worth-nearly-12-billion-in-a-month Musk’s Factbox-Tesla Sells Stocks Worth Nearly $13 Billion

Bobby Allyn

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