Musk’s super stock sale is just about done: The Tesla CEO has sold nearly 17 million stocks and exercised all the Tesla stock options in his trading plan
Elon Musk, Tesla CEO, stands at a press event on the grounds of the Tesla Gigafactory.
Elon Musk, Tesla CEO

Patrick Pleul/list alliance via Getty Photos

  • Elon Musk exercised an possibility to expend about 1.6 million shares of Tesla on Tuesday.
  • The billionaire also supplied over 934,000 shares for $1.02 billion.
  • Musk’s stock gross sales are performed to duvet taxes on the command of the possibility underneath a prearranged Trading concept.

Tesla CEO Elon Musk has exercised the final of his stock alternatives underneath a prearranged Trading concept.

On Tuesday, Musk exercised an possibility to expend about 1.6 million Tesla shares, per a regulatory submitting. Per that submitting and one other file also filed on Tuesday, the billionaire also supplied over 934,000 shares for $1.02 billion.

Musk’s stock gross sales will duvet taxes on the command of the possibility underneath a prearranged trading concept save up in September. Tuesday’s filings confirmed that the “10b5-1 Trading concept” was as soon as performed on December 28, 2021.

Musk has up to now obtained 22.86 million shares via exercising alternatives save to expire subsequent yr, per a Reuters’ calculation.

Tesla CEO Musk has been on a stock-promoting spree since conducting a November 6 Twitter ballot asking followers if he need to serene divest 10% of his stake. The acknowledge was as soon as a resounding yes.

Musk would want to sell a total of about 17 million shares to dump 10% of his stake in Tesla, excluding exercisable alternatives, per a Bloomberg tally. Tuesday’s sale takes Musk’s total to about 15.6 million shares, per the tips outlet.

Musk tweeted on December 22 that he would meet the 10% piece sale purpose when he completes his “preprogrammed” gross sales.

—Elon Musk (@elonmusk) December 22, 2021

No topic the piece gross sales, the transactions serene stride away Musk with more Tesla shares than when he started promoting.

He now owns over 177 million shares after exercising up alternatives — up from spherical 170.5 million shares, per the WSJ.

Musk has a win charge of $279 billion, per the Bloomberg Billionaires Index.

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