Factbox: What happened with Musk’s Tesla stock sales

Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January 7, 2019. REUTERS/Aly Song

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Nov 17 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk has equipped in the case of $9 billion value of shares since the arena’s richest person polled Twitter users about offloading 10% of his stake in the electric-vehicle maker.

He equipped a combined 8.2 million shares, which is in the case of half of the 10% stake that he had pledged to promote. learn extra

Right here’s a string of transactions he has carried out since Nov. 8.

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HOW DID MUSK SELL?

Musk on Nov. 6 acknowledged he would promote 10% of his stake if Twitter users agreed. He owned a aggregate of about 244 million shares by intention of his belief and stock alternate choices, bringing his stake in Tesla to about 23% as of June 30. It included 170 million shares held by his belief.

Musk’s tweet used to be vague. He didn’t outline if he used to be intending to offload 10% of his shares he in a roundabout intention owned by intention of the belief or if his stock alternate choices were furthermore fragment of the deal.

Musk had an draw to elevate 22.86 million shares at $6.24 each and each, which expire on Aug. 13, 2022, in accordance with a Tesla filing.

After procuring about 6.4 million shares, he has alternate choices for about 16.5 million extra shares he desires to advise by subsequent August.

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Reporting by Subrat Patnaik in Bengaluru and Hyunjoo Jin in San Franscisco; Editing by Slice Zieminski and Arun Koyyur

Our Standards: The Thomson Reuters Belief Principles.

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