Elon Musk sold another $1 billion worth of Tesla Inc. stock Tuesday, as he closes in on his goal of divesting 10% of his stake in the electric-vehicle maker.
According to filings Tuesday with the Securities and Exchange Commission, Musk sold about 934,000 shares, worth about $1.02 billion. He also exercised options on 1.55 million shares.
That brings his total to about 15.8 million shares unloaded since Nov. 7, when he posted a Twitter poll asking if he should sell 10% of his Tesla stake. Altogether, the stock sales have been worth a little over $16 billion. He has also exercised about 21.6 million stock options — effectively increasing his stake in the company.
At the time of his Twitter poll, Musk’s 10% stake came out to about 17 million shares. Last week, Musk tweeted that he was “almost done,” with just “a few tranches left.”
Last week’s comments halted a monthlong slump in Tesla’s stock price since his selloff began, as the company regained a market cap above $1 trillion.
Tesla stock
TSLA,
is down 5% in the past month, but has gained 21% over the past five days. Shares are up 54% year to date, compared to the S&P 500’s
SPX,
27% gain this year.
