By Hyunjoo Jin
-Tesla Inc Chief Executive Officer Elon Musk has sold nearly $13 billion worth of shares since early November when the world's richest person polled Twitter users about offloading 10% of his stake in the electric-car maker.
The billionaire sold another 934,091 shares for $906 million on Monday to pay for taxes on the exercise of stock options to buy 2.13 million shares in Tesla, according to U.S. securities filings.
Here is a string of transactions he has done:
DATE SHARES ACQUIRED SHARES SOLD GROSS PROCEEDS
NOV. 8 2.2 mln
NOV. 8 934,091 $1.10 bln
NOV. 9 3.1 mln $3.35 bln
NOV. 10 500,000 $527.3 mln
NOV. 11 639,737 $687.3 mln
NOV. 12 1.2 mln $1.24 bln
NOV. 15 2.1 mln
NOV. 15 934,091 $930.7 mln
NOV. 16 2.1 mln
NOV. 16 934,091 $973.4 mln
NOV. 23 2.15 mln
934,091 $1.05 bln
DEC. 2 2.1 mln
934,091 $1.01 bln
Dec.9 2.17 mln
934,091 $963.2 mln
Dec.13 2.13 mln
934,091 $906.5 mln
Total 14.96 mln 11.97 mln $12.74 bln
HOW DID MUSK SELL?
Musk said on Nov. 6 he would sell 10% of his stake if Twitter users agreed. He owned a combination of about 244 million shares through his trust and stock options, bringing his stake in Tesla to about 23% as of June 30. It included 170 million shares held by his trust.
The tweet was vague. Musk did not outline if he was intending to offload 10% of his shares he indirectly owned through the trust or if his stock options were also part of the deal.
