- Elon Musk exercised 2.2 million Tesla stock options on Monday and then sold 934,000 shares.
- Musk recently asked Twitter if he should sell his 10% stake, and his followers said yes.
- But Musk’s plan was implemented a few weeks ago, and he sold less than 1% of Tesla’s shares.
- For more stories, please visit Business Insider.
Tesla CEO Elon Musk exercised 2.15 million stock options on the company this week and then sold approximately 934,000 shares. SupervisionRecord on Wednesday.
On Monday, Musk exercised these options at a price of $6.24 per share, at a total cost of $13.4 billion. He then sold the stocks at different prices and eventually earned more than $1.1 billion from the sale.
Musk’s move was a few days after him Ask his Twitter followers in a poll In the heated debate among policymakers about whether he should sell his 10% stake, whether he should sell his 10% stake in Tesla Increasing taxes on the super rich.
Of the 3.5 million Twitter users who participated in the vote, Nearly 60% of people voted yes Musk’s proposed sale.
However, according to regulatory documents, Musk’s actual stock sales this week were part of a pre-plan implemented on September 14 (a few weeks before his Twitter poll).
Inside Information Tim Levine It was also reported this week that Musk may plan to exercise the options issued in 2012 because these options will expire next year. According to Wedbush Securities, he faces a tax bill of at least $10 billion, which may explain why he wants to Some shares must be liquidated.
But Musk’s offloads are far below the results shown in his opinion polls on Twitter. According to the document, in addition to the 2.15 million shares exercised on Monday, Musk also owns 170.5 million shares, which means that the 930,000 shares he sold only accounted for 0.5% of his total Tesla shares.
After the voting, Tesla shares plummetedAnalysts said the stock may continue to fluctuate until Musk fulfills his promise “regardless of the outcome.”
These two days, Musk’s net worth has shrunk by about $50 billion, But he is still the richest man in the world.
After the document was announced, Tesla’s stock price rose nearly 3% in after-hours trading.
