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Elon Musk continues to unload Tesla Inc. stock, exercising his options and selling different $930 cardinal successful shares Monday aft dumping $6.9 cardinal successful banal past week.
According to filings Monday with the Securities and Exchanges Commission, Musk sold much than 934,000 shares Monday astatine prices ranging from $6.25 to $1,028 a share.
In total, Musk has sold astir 7.23 cardinal shares for astir $7.83 cardinal since Nov. 8, a time aft Musk’s Twitter canvass decided helium should merchantability 10% of his Tesla stake. Some of the banal income had been enactment into question good earlier the canvass was posted.
Also see: JPMorgan sues Tesla for $162 cardinal successful quality related to Elon Musk’s 2018 tweets
Musk’s selloff past week led to the worst week for Tesla banal successful much than a year. Tesla shares TSLA, -1.94% fell astir 2% Monday, and are down much than 17% since Nov. 8.
If Musk so intends to merchantability 10% of his shares, he’s acold from being done. As of past week, his involvement amounted to astir 17 cardinal shares — truthful helium would person astir 9.77 cardinal shares to go.
Musk, the world’s wealthiest man, has millions of banal options that helium needs to workout by August 2022, and Musk said successful September that helium intended connected selling a ample chunk of banal successful the 4th quarter. CNBC reported past week that Musk faced astir a $15 cardinal taxation measure connected those options.
Despite the caller tumble, Tesla shares are inactive up 44% twelvemonth to date, and person gained 148% implicit the past 12 months.
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