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23 Dec 2021

After Selling over $15 Billion, Musk says he is ‘almost done’ Selling Stocks

The Index Today

Tesla Inc CEO Elon Musk said on Wednesday evening that he was "almost done" with his stock sales after selling over $15 billion worth for more than one month. The billionaire did not clarify if whether he is done with his stated goal of selling 10% of his Tesla shares.

However, Elon Musk said in an interview on Tuesday with conservative satirical website Babylon Bee, "I sold enough stock to get to around 10% plus the option exercise stuff and I tried to be extremely literal here."

But on Wednesday he suggested he might not be done selling Tesla stocks. He recently tweeted, "This assumes completion of the 10b sale," referring to his prearranged sales plan related to his options.

"There are still a few tranches left, but almost done," he tweeted later.

Tesla shares ended 7.5% higher at $1,008.87, valuing the company at just over $1 trillion.

©Photo: teahub.io

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