Elon Musk Starts Week Off With $930.7 Million In Tesla Stock Sales

A trend is developing in the stock sales of Tesla (NASDAQ: TSLA) CEO Elon Musk. Musk again last night indicated he sold shares in the company in which he helms, filing two Form 4’s with the Securities and Exchange Commission.

Much like last Monday, yesterday saw Musk sell shares directly from his personal holdings, rather than his trust, which was responsible for sales Tuesday through Friday last week. A trend is also forming, in the sense that a further 2.1 million options priced at $6.24 per share were exercised by Musk, before selling exactly 924,091 shares in the company.

This week, however, as a result of a falling stock price, Musk managed to sell his stake in the firm between a range of $980.46 and $1,031. Those ranges are significant, as they imply Musk was selling throughout the day rather than in a single chunk, with the days range being $978.60 through to $1,031.98.

In total, Musk managed to garner gross proceeds of $930,718,759.75 from the stock sales, a significant decrease over the $1.1 billion raised last Monday. Over the course of November, he has sold a total of 7.3 million shares for gross proceeds of $7.8 billion.

Tesla last traded at $1,013.39 on the Nasdaq.


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

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

Related News

Tesla Leads Fatal Crash Rates Among Major Car Brands Studied

Tesla (Nasdaq: TSLA) shows the highest fatal accident rate among five major car manufacturers analyzed,...

Friday, February 21, 2025, 12:14:00 PM

Tesla Stops Optimus Production Due to Persistent Hardware Issues

Tesla (Nasdaq: TSLA) has halted production of its Optimus humanoid robot after persistent hardware failures...

Wednesday, July 9, 2025, 12:16:00 PM

Tesla’s Supercharger Network Now More Costly Than Filling Up Car With Gasoline

Recharging your Tesla using the company’s Supercharger network has now become more costly than fuelling...

Wednesday, November 18, 2020, 02:11:00 PM

Elon Musk Sends Merger Cancellation Notice To Twitter

In a move surprising just about no one, Elon Musk has formally attempted to cancel...

Friday, July 8, 2022, 06:34:31 PM

Altman Rejects Musk’s $97B OpenAI Acquisition Bid: “We’ll Buy Twitter For $9.74B”

OpenAI’s Sam Altman rejected a surprise acquisition bid this week from a consortium led by...

Tuesday, February 11, 2025, 11:11:00 AM