San Francisco: Tesla Chief Executive Inc.
Elon Musk has used all its choices that expires next year, indicating to end the sale of its shares that trigger a decline in the price of the most valuable car stock in the world.
Musk said last week that he would reach the sales target of around 10% of his shares in Tesla “when the 10B programmed sales were completed again,” it is possible to refer to the sale of shares related to his choice.
Since the beginning of November, he has done the expiration option next year and sells a portion of Tesla’s stock to pay taxes under the trade plan “rules of 10b5-1” which was founded in September.
With an exercise option at 1.6 million shares on Tuesday, he has used all options at 22.8 million shares, which will expire in August.
He also sold 934,090 shares for $ 1.02 billion to pay taxes, archiving showed.
“The 10B5-1 trade plan this rule was completed on December 28, 2021,” Tesla said in submission on Tuesday.
Tesla’s shares were missing about a quarter of their value after the Musk in November asked his followers on Twitter if he had to sell 10% of his ownership.
They had rebounded to $ 1,088.47, but still below the highest record of $ 1,229.91 in November.
Close to the 10% TargetMUSK has been far from 15.7 million shares in Tesla, close to 10% of the shares, billionaires have been promised for sale.
Of the 15.7 million shares, 10.3 million related to option exercises.
Musk sells an additional 5.4 million, cash Tesla’s strong rally.
He has lowered the shares worth $ 16.4 billion since the beginning of November when he said he would sell 10% of his Tesla shares if Twitter users agreed.
Twitter poll came two days after Tesla’s shares reached a high record after a rally triggered by the Tesla car order from the Hertz rental company.