Original title: Musk toss another 1.2 million Tesla shares: a total of 7 billion US dollars have been sold this week
Caijing Technology News, November 13th, according to Sina Technology News, taking advantage of the rapid rise in the company’s market value to 1 trillion US dollars, Tesla CEO Elon Musk sold up to 6.9 billion US dollars this week ( About 44.091 billion yuan) Tesla shares.
The latest documents from the United States Securities and Exchange Commission (SEC) show that on Friday, local time, Musk sold 1.2 million Tesla shares again, realizing more than 1.2 billion U.S. dollars. This part of the stock is held by Musk’s trust fund. Affected by this, Tesla has fallen by more than 15% this week, the largest weekly decline since March 2020, and its market value has evaporated by US$189.5 billion (approximately RMB 1208.8 billion) this week. Yesterday, Tesla shares closed at $1033.42 per share. Since the beginning of this year, Tesla’s stock price has risen by more than 46%.
This is the latest in a series of stock transactions that Musk has conducted this week. The SEC’s previous documents show that Musk’s trust fund sold 4.434 million shares on November 9 and 10 local time, valued at approximately US$5 billion. On November 11, Musk sold 639,737 shares worth approximately US$680 million through multiple transactions. In addition to the 1.2 million shares sold on November 12, Musk sold a total of about 6.36 million Tesla shares this week, with a total value of nearly 7 billion U.S. dollars.
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