Elon Musk Sells Additional $687.3 Million In Tesla Stock From Trust On Thursday

Evidently, Elon Musk is looking to soak up every last bit of liquidity available in Tesla Inc (NASDAQ: TSLA) this week. The popular CEO this morning filed two Form 4’s with the SEC, revealing he again sold a portion of his stake in the company on Thursday, after having revealed $4.98 billion in sales on Wednesday evening.

The latest round of selling was again conducted through his trust, suggesting that much more selling remains yet due to his expiring options. In total, 639,737 shares of Tesla were sold by Musk yesterday, between a price range of $1,056.32 to $1,104.01.

Musk raked in gross proceeds of $687.3 million in the process, the second smallest day this week in terms of gross proceeds, behind only Wednesday which saw him raise proceeds of $527.3 million.

As of today, Musk has now sold 5.2 million shares of Tesla this week, for gross proceeds of $5.67 billion.

Tesla last traded at $1,063.51 on the Nasdaq, and is currently up in pre-market trading despite the additional sales by Musk.


Information for this briefing was found via Edgar. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Altamira Gold Encounters Porphyritic Intrusive Rocks In Initial Scout Drilling At Regional Targets

Related News

Musk’s Federal Worker Ultimatum Backfires as Agencies Assert Authority

Top national security agencies have defied Elon Musk’s bid to force federal workers to justify...

Monday, February 24, 2025, 07:33:30 AM

Elon Musk Lost $27 Billion Amid Market-Wide Tech Selloff

It appears that Musk has slipped even further away from the title of the world’s...

Monday, March 8, 2021, 10:37:00 AM

SpaceX Faces DOJ Lawsuit Over Alleged Hiring Discrimination

Elon Musk’s SpaceX is under scrutiny as the US Department of Justice (DOJ) takes legal...

Saturday, August 26, 2023, 07:23:00 AM

Elon Musk Closes Out Week With Further Stock Sales, Bringing Total To $6.9 Billion

In a move surprising absolutely no one, Elon Musk on Friday continued his trend for...

Sunday, November 14, 2021, 12:12:00 PM

Tesla Beats Q2 Delivery Estimates With 443,956 Vehicles Delivered

Tesla (NASDAQ: TSLA) this morning released its production and delivery data for the second quarter...

Tuesday, July 2, 2024, 09:15:19 AM