By Hyunjoo Jin
(Reuters) – Tesla Inc Chief Executive Officer Elon Musk has sold $14.5 billion worth of shares since early November when the world’s richest person polled Twitter users about offloading 10% of his stake in the electric-car maker.
The billionaire sold another 934,091 shares for $854 million on Tuesday to pay for taxes on the exercise of his stock options, according to U.S. securities filings.
Here is a string of transactions he has done:
DATE SHARES ACQUIRED SHARES SOLD GROSS PROCEEDS
NOV. 8 2.2 mln
NOV. 8 934,091 $1.10 bln
NOV. 9 3.1 mln $3.35 bln
NOV. 10 500,000 $527.3 mln
NOV. 11 639,737 $687.3 mln
NOV. 12 1.2 mln $1.24 bln
NOV. 15 2.1 mln
NOV. 15 934,091 $930.7 mln
NOV. 16 2.1 mln
NOV. 16 934,091 $973.4 mln
NOV. 23 2.2 mln
934,091 $1.05 bln
DEC. 2 2.1 mln
934,091 $1.01 bln
Dec.9 2.2 mln
934,091 $963.2 mln
Dec.13 2.1 mln
934,091 $906.5 mln
Dec.16 2.2 mln
934,091 $884.1 mln
Dec.21 2.09 mln
934,091 $853.7 mln
Total 19.2 mln 13.8 mln $14.5 bln
HOW DID MUSK SELL?
Musk said on Nov. 6 he would sell 10% of his stake if Twitter users agreed.
The latest transaction brings the total number of shares he has offloaded to 13.8 million – about 80% of what he had planned to sell.
(Reporting by Hyunjoo Jin in San Franscisco and Subrat Patnaik, Akash Sriram and Ann Maria Shibu in Bengaluru; Editing by Sriraj Kalluvila and Matthew Lewis)
