: Elon Musk exercises options, sells another $930 million in Tesla stock

Elon Musk continues to unload Tesla Inc. stock, exercising his suggestions and promoting one other $930 million in shares Monday after dumping $6.9 billion in stock closing week.

In step with filings Monday with the Securities and Exchanges Price, Musk equipped better than 934,000 shares Monday at costs starting from $6.25 to $1,028 a portion.

In total, Musk has equipped about 7.23 million shares for roughly $7.83 billion since Nov. 8, a day after Musk’s Twitter poll determined he ought to sell 10% of his Tesla stake. One of the critical critical stock gross sales had been achieve into budge smartly before the poll became posted.

Also gaze: JPMorgan sues Tesla for $162 million in dispute related to Elon Musk’s 2018 tweets

Musk’s selloff closing week resulted in the worst week for Tesla stock in better than a year. Tesla shares

fell nearly 2% Monday, and are down better than 17% since Nov. 8.

If Musk certainly intends to sell 10% of his shares, he’s a ways from being performed. As of closing week, his stake amounted to about 17 million shares — so he would bear about 9.77 million shares to creep.

Musk, the field’s wealthiest man, has millions of stock suggestions that he wants to remark by August 2022, and Musk acknowledged in September that he supposed on promoting a huge chunk of stock in the fourth quarter. CNBC reported closing week that Musk faced a pair of $15 billion tax bill on those suggestions.

Despite the most up-to-date tumble, Tesla shares are level-headed up 44% year up to now, and bear obtained 148% over the final 12 months.

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