Elon Musk sold different $1 cardinal worthy of Tesla Inc. banal Tuesday, arsenic helium closes successful connected his extremity of divesting 10% of his involvement successful the electric-vehicle maker.
According to filings Tuesday with the Securities and Exchange Commission, Musk sold astir 934,000 shares, worthy astir $1.02 billion. He besides exercised options connected 1.55 cardinal shares.
That brings his full to astir 15.8 cardinal shares unloaded since Nov. 7, erstwhile helium posted a Twitter canvass asking if helium should merchantability 10% of his Tesla stake. Altogether, the banal income person been worthy a small implicit $16 billion. He has besides exercised astir 22.8 cardinal banal options — each of his vested options that would person expired adjacent year.
At the clip of his Twitter poll, Musk’s 10% involvement came retired to astir 17 cardinal shares. Last week, Musk tweeted that helium was “almost done,” with conscionable “a fewer tranches left.” Most of the banal income were scheduled successful September, to wage for a astir $11 cardinal taxation bill.
Last week’s comments halted a monthlong slump successful Tesla’s banal terms since his selloff began, arsenic the institution regained a marketplace headdress supra $1 trillion.
Tesla banal TSLA, -0.50% is down 5% successful the past month, but has gained 21% implicit the past 5 days. Shares are up 54% twelvemonth to date, compared to the S&P 500’s SPX, -0.10% 27% summation this year.
Updated with a caller full fig of banal options exercised.
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