Daily Poll: Musk has been on selling spree. What for?
Musk's super stock sale is just about done.
He sold another 934,090 shares, or about $1.02 billion worth of his holdings.
He sold another 934,090 shares, or about $1.02 billion worth of his holdings.
He has sold nearly 17 million shares and also exercised options to buy nearly 1.6 million $Tesla (TSLA.US)$ shares at a strike price of $6.24 per share, granted to him via a 2012 compensation package.
Despite the share sales, the transactions still leave Musk with more Tesla shares than when he started selling.
He now owns over 177 million shares after exercising up options — up from around 170.5 million shares, according to the WSJ.
He now owns over 177 million shares after exercising up options — up from around 170.5 million shares, according to the WSJ.
On the other side, Musk's SpaceX has raised about $337.4 million in equity financing from 35 investors.
Are they just coincidences? Please tell us your thoughts!
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Moomoo Community Official Account
Bringing you insights, inspiration and the hottest content.
152KFollowers
1203Following
63KVisitors
Follow
Super White 超级白❤ : He keep selling and that help shorties a lots. Some sort of manipulation.
Popular on moomoo OP Dadacai : What do you mean?![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Can you take a screenshot?
Swing Trade Swag : It's to pay taxes, he tweeted his tax bill is 11.2 billion. Musk has also tweeted: “Note, I do not take a cash salary or bonus from anywhere. I only have stock, thus the only way for me to pay taxes personally is to sell stock.” So faced with a huge tax bill, it can be assumed Time's Man of the Year will sell the stocks in order to pay the IRS![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
UniverseJaded : im just spit balling here but maybe its time we sit elon down and do a surprise intervention. Ok im sure he will want it done on the moon so lets all get together an....wait a sec...can we put down the cone of silence
jk lol
ChrisDatSatoshi : he's investing into another e.v stocks and also prolly biotechnology and he wants us to get in on the shares so he could maybe sell the company soon who knows but tax def one them but it's to burn
i think somr
Angela 777 : According to the US National Highway Traffic Safety Administration (NHTSA), Tesla recalled 119009 US cars due to front engine cover latches; 356,309 US cars due to camera issues.
71465445 : What is good about this stock
Johnathan Hansen : space x
THEWIZARD : Good price and good time to harvest.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Sales were already pre planned in September before the Q3 results.
Fans bought his pitiful paying tax stories.
Time will tell.
Revelation 6 : The price was right to start with. Then the taxes he pays on them this year will be less than next year. Also he, like and a lot of other people,thought that the Spendocrates were going to pass the 2 trillion dollar “Common Poverty” oops I mean “Common Desperation” bill that included taxing unearned income from stocks and securities brought forward to the next tax year. That has recently been removed from the bill because not even the real Democrats would go for Joe Biden’s want to tax money that hasn’t even been earned yet. They keep hacking away at this fat laden pig of a budget and we might even get a decent budget out of this. Like The Rolling Stones say “You can't always get what you want.But if you try sometime,you'll find. You get what you need.”
View more comments...