Musk says he is “almost” finished with the sale of Tesla shares

The executive president of Tesla Inc, Elon Musk, which has sold more than $ 15 billion in company stock since the beginning of November, said Thursday it was “almost done” with the divestiture.

The billionaire had made confusing statements about whether or not he could have finished his goal of selling 10% of his Tesla shares.

“I sold enough shares to get 10% more to exercise the option and I tried to be extremely literal,” he said in an interview Tuesday with the website. Babylon Bee.

But on Wednesday he suggested it might not be over. “This marks the completion of the $ 10 billion sale,” he tweeted, referring to his preset sales plan related to his options.

“There are still some sections, but it is almost done,” he tweeted afterwards.

Under the Rule 10b5-1 trading plan established in September, it has exercised stock options that expire next year and sold a portion of the stock to pay taxes, according to the files of Tesla.

After the sales surge, Musk He still has about 1.5 million stock options that expire in August of next year.

The actions of Tesla they expanded their gains and were up more than 5% on Thursday, after ending up 7.5% in the previous session.

kg



Reference-www.eleconomista.com.mx

Leave a Comment