Related News
Musk says nearly done selling off
Print Edition
Tesla Inc Chief Executive Elon Musk said on Wednesday he was 鈥渁lmost done鈥 with his stock sales after selling over US$15 billion worth for more than one month.
The billionaire had made confusing statements as to whether he might or might not be done with his stated goal of selling 10 percent of his Tesla shares.
鈥淚 sold enough stock to get to around 10 percent plus the option exercise stuff and I tried to be extremely literal here,鈥 he said in an interview on Tuesday with conservative satirical website Babylon Bee.
But on Wednesday he suggested he might not be done. 鈥淭his assumes completion of the 10b sale,鈥 he tweeted, referring to his prearranged sales plan related to his options.
鈥淭here are still a few tranches left, but almost done,鈥 he tweeted later.
Under the Rule 10b5-1 trading plan set up in September, he has exercised stock options that expire next year and sold a portion of the stocks to pay taxes, according to Tesla filings. Following a flurry of sales, Musk still has about 1.5 million stock options that expire in August.
Musk said last month he would sell 10 percent of his stake if Twitter users agreed. Tesla shares, which had hovered near record highs, lost about a quarter of their value soon after.
On Wednesday, Musk sold another 934,091 shares, bringing the total to 14.77 million 鈥 nearly 90 percent of what he had been expected to sell.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
