This series of actions is also part of Musk’s selling of 10% of his positions after consulting netizens. According to previous reports from the Comprehensive Financial Association, since November 8th, Musk has sold close to 15.7 million Tesla shares. Assuming that his commitment does not include exercisable options, the current share sale plan is 1,700 away from the target sale. Wan shares has completed 92% of the progress.
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ECS year-end special: cloud server as low as 38 yuan/year
(Source: SEC)
The data also shows that Musk is bound to have at least one batch for sale. In an interview with the satirical website Babylon Bee last Wednesday, he stated that he was “nearly sold out of 10% of his holdings”, which triggered a 7.5% rise in the stock price. This was also the biggest increase since November for the leading electric car, but he then started a new one. Round of selling.
Musk later explained on social media that after the pre-set stock sale plan is over, there will be several sales arrangements later, but the stock sale will soon be over.
(Source: Social Media)
With the expectation that the selling pressure is about to converge, Tesla’s stock price fell below $900 from last Monday and continued to rise to around $1100.
(Tesla daily chart, source: TradingView)
As Tesla’s stock price rebounded, Musk’s worth of $16.4 billion in stocks in the past two months has not been affected. According to the Bloomberg Real-time Billionaires Index, Musk’s latest worth reached $279 billion, which is a huge gap between Bezos, the founder of Amazon, who is worth less than $200 billion behind him.
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