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When did Elon Musk say his stock was too high?
Arguably Musk’s most infamous tweet dropped in August 2018, sparking weeks of fevered speculation about his intention to take Tesla private. The shares jumped 11\%, before erasing those gains in following days as doubt mounted about his ability to pull off the deal. Am considering taking Tesla private at $420.
What did Elon Musk say about Tesla stock?
Tesla CEO Elon Musk said he would sell 10\% of his holdings — worth about $20 billion — in the electric car maker based on the results of a poll he conducted on Twitter over the weekend.
Who sold Tesla for $700?
Elon Musk
Elon Musk, the founder and chief executive of Tesla, has sold a further $700m (£523m) of shares in his company, just days after abiding by a Twitter poll and dumping a $5bn stake.
Did Elon Musk sell all his Tesla stocks?
According to filings with the Securities and Exchange Commission, Musk made the sales after exercising options to buy 2.15 million shares. In all, Musk has sold about 9.2 million shares worth about $9.85 billion since Nov. 8, a day after Musk’s Twitter poll decided he should sell 10\% of his Tesla stake.
The main reason Musk is selling is to pay the taxes on the exercise of options that expire next summer. As part of a 2012 compensation package, the Tesla CEO was given options on 22.8 million shares that expire next August. The stock has since fallen more than 20\%, along with his tax bill.
How much stock has Elon Musk sold?
The world’s richest person offloaded another 934,091 shares on Monday for about $906.5 million to cover taxes on the exercise of 2.1 million more options, according to regulatory filings. He has now sold a total of $12.7 billion worth of stock over five weeks.
What happened to Tesla’s stock after Elon Musk tweeted about it?
The company just days before reported a strong quarter, sending shares higher. Tesla stock was trading at 760.23 just before Musk tweeted and then fell to a session low of 717.64, before falling even more. Musk has had problems with the SEC for tweeting about the company’s stock in the past.
Is Tesla’s stock price too high or too low?
Tesla CEO Elon Musk tweeted Friday that Tesla’s stock price is “too high imo,” and the stock fell immediately after. Tesla’s stock is down more than 10 percent. Last year, Musk made an agreement with the Securities and Exchange Commission to have a company lawyer pre-approve tweets about Tesla’s finances, sales, or deliveries last April.
Why is Elon Musk getting $600 million in stock options?
As long as Tesla’s stock does not drop drastically, Mr. Musk is poised to get a bonus in stock options worth about $600 million in the coming weeks as part of his unusual and lucrative compensation package. Tesla did not immediately respond to a request for comment.
Shares skyrocketed, trading was halted and volatility followed. In January, all board directors of Tesla besides Elon Musk settled a shareholder lawsuit over the company’s $2.6 billion acquisition of SolarCity in 2016. They paid $60 million for their part of the settlement.