Tesla stock under pressure, sells about 1% in the premarket on Wall Street, after the news concerning the umpteenth decision of the CEO and founder Elon Musk to sell off new shares in the electric car giant.
According to filings with the SEC, Musk sold an additional 934,091 Tesla shares, for a total value of $ 963.2 million. The CEO also exercised option contracts to purchase 2.17 million Tesla shares.
Last month, the Tesla founder sold a total of $ 9.85 billion in shares, including the $ 6.9 billion disposed of in the week ending November 10, and another $ 1.9 billion in shares of which he released on 15 and 16 November. Some shares were sold in order to honor tax obligations related to the exercise of stock options.
The drop in the Tesla stock – following yesterday’s fall, equal to -6% – could also have been caused by the last tweet of Elon Musk in which we read – but it is not clear, as usual, if it is a joke or a serious statement – that the CEO is considering the option of leaving his jobs to become “an influencer”.