Is Musk cheating? He set plans to sell Tesla stocks before the Twitter poll!
Musk sells more than 930,000 shares after exercising options.
Elon Musk polled his Twitter followers last weekend about whether he should sell $Tesla (TSLA.US)$ stock, but his plans to sell were already in progress.
Filings made public by the Securities and Exchange Commission on Wednesday afternoon showed Musk selling more than 930,000 shares of $Tesla (TSLA.US)$ out of more than 2.1 million options he exercised at a price of $6.24 a share. Musk sold the shares for more than $1,100 and less than $1,200 apiece as Tesla shares dipped 4.8% on Monday, collecting roughly $1.09 billion.
The electric-car company's chief executive made the plans to sell the stock on Sept. 14, according to the SEC filings. Musk asked his more than 60 million Twitter followers whether he should sell Tesla stock over the weekend, but had previously acknowledged that tax bills and expiring options would force him to sell some stock this year. More than 3.5 million votes were cast, with "yes" winning.
Musk still holds more than 170 million Tesla shares, to maintain roughly 17% of ownership.
Did you think Elon Musk is a fraud?
Source: MarketWatch
Source: MarketWatch
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TeslaBabe : elon looks well fed
THEWIZARD : His buy in price was $6.42.
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
If selling at $1,248, that equals to about 20,000% profits.
Good profit margins, i think.
THEWIZARD TeslaBabe : Indeed.
His fans will continue to feed him well.
Cheers!
BangoLancer : The vote initiated by Musk is just a cutscene
THEWIZARD BangoLancer : It's to attract a strong buyer base for the offloading of his profit takings.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Pipersbreak : he does these days
102129559 TeslaBabe : lol
搞经济 抄底 加仓 : Everything needs a plan. He plan and his asked you guys. This is another way to say if you're not comfortable you can sell your shares together. He got the guts to voice up. 100% better then those who sell like a scary cat. Lol
lingnh : should sell ...cannot sustain
THEWIZARD 搞经济 抄底 加仓 : You mean the like the Telsa Board Chair and his brother, a Telsa Director that sold off a few days before he polled Twitter MEME fans?
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