by Prof. Maynard Hettinger Sr.
Published 2 years ago
Updated 2 years ago
He has to sell his stocks in order to pay taxes on his stock options that expiring in the money. His tax bill is going to be massive and needs to do this by the end of December. He literally has no choice— Justin Miller (@lucky11ent) November 7, 2021
There is a chance, albeit a slim one, for more stock sales from Musk sometime in the middle of 2022. Musk exercised another 1.6 million management stock options on Tuesday, buying shares for $6.24 a piece. He sold 934,090 to pay the taxes on gains. Stock options are taxed as regular income at the time of exercise.Dec 29, 2021
Dec 14, 2021 · The sales have been spread over a dizzying 680 sales for a total of about $12.7 billion. Based on his 10% target, he would likely sell another 5 million shares — which at Monday’s closing ...
What stocks does Elon Musk invest in?
Nov 11, 2021 · Tesla CEO Elon Musk sold nearly $5 billion in Tesla stock, according to financial filings out Wednesday evening. He still holds more than 166 million shares. His trust sold more than 3.5 million ...
Why is Elon Musk selling Tesla stock?
Nov 10, 2021 · He owns 17% of Tesla’s shares, plus some $92 billion worth of stock options that allow him to buy more shares at a steep discount. One set of these options expires in August 2022, meaning Musk ...
Is Elon done selling?
Dec 29, 2021 · Tesla and SpaceX CEO Elon Musk has sold another 934,090 shares, or about $1.02 billion worth of his holdings, in his electric car and solar business according to financial filings …
Is Elon Musk still selling Tesla stock?
Elon Musk has been busy selling Tesla shares as he prepares to pay for his $44 billion Twitter bid, but he has no further stock sales planned, the billionaire said late Thursday.Apr 29, 2022
Has Elon Musk ever sold his stock?
Musk's huge 2021 tax bill resulted from his selling almost 16 million Tesla (ticker: TSLA) shares in November and December. He sold the stock after conducting a poll on Twitter (TWTR) asking if he should sell to accelerate paying tax on capital gains.May 1, 2022
How many shares does Elon Musk have left to sell?
On Wednesday, Musk sold another 934,091 shares, bringing the total he has offloaded to 14.77 million — nearly 90 percent of the 17 million or so shares he has been expected to sell. When the 10b preprogrammed sales complete. There are still a few tranches left, but almost done.Dec 23, 2021
Is Elon Musk buying Tesla shares?
Musk last month sold $8.5 billion worth of Tesla shares for more than 100 times what he paid for them (he exercised options and bought them for a massively reduced price). But the IRS doesn't care what Musk initially paid for the stock; it cares only what the shares were worth when he bought and sold them.4 days ago
How many Tesla shares did Elon sell?
Filings to the US Securities and Exchange Commission showed that Mr Musk sold a total of 9.6 million Tesla shares this week. The multi-billionaire still owns more than 15% of the company. Yup, @elonmusk has been selling archive.fast-edgar.com/20220428/ARZDT…Apr 29, 2022
Who owns the most Tesla stock?
Musk is Tesla's biggest shareholder, owning around 17 percent of the company's shares, or about 175 million shares in total. Musk has sold large batches of shares before. Last year, he sold 15 million shares, worth more than $16 billion, after polling his followers on Twitter.Apr 29, 2022
Is Elon Musk rich?
Tesla CEO Elon Musk, who is the world's richest human.
Elon Musk is worth a cool $274 billion. Now, a former auto analyst-turned-market researcher has broken down the number to show how the Tesla CEO amassed such a mind-boggling fortune—and drives home the point that the huge number is really no huge surprise.Apr 12, 2022
