It marks a total of $9.85 billion in stock offloaded in the past two weeks.
posted this week. The sales were scheduled in September to exercise options that were scheduled to expire in 2022.
Musk has sold a total of $9.85 billion in Tesla stock this month, including the $6.9 billion he sold the week of Nov. 10 and another $1.9 billion he sold on Nov. 15 and Nov. 16. Some of the shares were sold in part to satisfy tax obligations related to an exercise of stock options., marking the worst week for Tesla stock in 20 months after Musk began selling shares. Shares of Tesla were up about 1% on Wednesday afternoon.on Nov.
But, Musk had already indicated earlier this year he was likely to sell "a huge block" of his options in the fourth quarter. During an in September, he said when his stock options expire at Tesla, his marginal tax rate would be over 50%.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Read the emails Elon Musk sent Tesla employees about music on the job and following directionsCNBC has obtained a pair of e-mails Musk sent to Tesla employees in the first week of October.
Read more »
Elon Musk just sold 934,000 company shares worth $1.05 billionElon Musk just offloaded another $1.05 billion worth of Tesla shares, bringing his November share sales total to $9.9 billion
Read more »
WSJ News Exclusive | JPMorgan’s Jamie Dimon and Tesla’s Elon Musk Feud Behind the Scenes“If JPM doesn’t withdraw their lawsuit, I will give them a one star review on Yelp,” Musk said in response to The Wall Street Journal. “This is my final warning!”
Read more »
Elon Musk Sells Another $1.05 Billion Worth Of Tesla Stock — He’s Now Sold More Than Half The 10% Twitter Voted For This MonthI am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter theroberthart or email me at rhartforbes.com
Read more »
Elon Musk’s Tax Bill on Stock Options Fell Along With Tesla’s Share PriceWhile a sliding stock price eases the Tesla CEO’s short-term tax bill, it also limits the deductions that his company is able to take.
Read more »