Don't just focus on the selling part, selling is to increase the shareholding.

102355763 : Catch no ball… If don’t sell 17 million shares means he would have 22.8 million shares more? And because he sold those 17 million shares, he now has only 5.8 million shares more?

102601499 : from my understanding, he is selling because his options are expiring. he is also buying back. i am not sure too.

stonks 30000 102355763 : sell to have enough cash to pay the 54% tax involved when exercising his options

Silverbat : The average balanced prices of more shares gained from options and shares sold for tax is way above 1075 already. The continuation of tax sale only increases the intrinsic value of stocks. New highs can only takes 1-2 day to reverse explosively.

BuyLowSellHighTrader : My understanding is

1. He is selling 17mil shares from his existing shares holding
2. He exercised the option to buy 22.8mil shares

Nett result he will own 5.8mil more Tesla shares

Tuyea : Then it will fly to moon

魔家 OP 102355763 : To exercise power, you have to pay 53% tax; if you don't sell, you have no money to pay tax. Musk hasn't been paid for so many years. Although he has an option reward, he has exercised his right to take stocks. Over the years, stocks have only increased and not decreased. He takes out loans to make a living. This time he should have wanted to do something other than pay taxes, such as building a university...

魔家 OP 102601499 : It's not a repurchase; you have to pay 53% income tax to exercise the right to take stock.