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Tesla's Musk Sells Shares Worth More Than $15 Billion

Tesla Inc Chief Executive Officer Elon Musk has sold $15.4 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.
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By Carandbike Team

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1 mins read

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Published on December 30, 2021

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Highlights

    Tesla Inc Chief Executive Officer Elon Musk has sold $15.4 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 $928.6 million on Wednesday to pay for taxes on the exercise of his stock options, according to U.S. securities filings.

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    Elon Musk has been selling his shares in Tesla to pay for taxes on the exercise of his stock options

    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

    Dec.21 2.09 mln

    934,091 $853.7 mln

    Dec. 22 2.11 mln 934,091 $928.6 mln

    Total 21.3 mln 14.77 mln $15.4 bln

    HOW DID MUSK SELL?

    Musk said on Nov. 6 he would sell 10% of his stake if Twitter users agreed.

    The latest transaction brings the total number of shares he has offloaded to 14.77 million.

    (This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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