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Factbox-Tesla’s Musk over halfway through his pledge with nearly $11 billion stake sale -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO. Elon Musk, CEO of Tesla Inc walks beside a screen that shows an image from the Tesla Model 3 car at an opening ceremony for Tesla China’s Model Y program. This was held in Shanghai on January 7, 2020. REUTERS/Aly song/File Photograph

Hyunjoo Jin and Subrat Patnaik

(Reuters) – Tesla Inc (NASDAQ:) Inc CEO Elon Musk has already sold close to $11 Billion worth of shares. The poll by Twitter users (NYSE:) revealed that Musk had sold 10% of his equity in the electric car maker.

A total of 10.11 Million shares have been sold, more than half his stake. Since Nov. 8, 2010, he also exercised options to acquire 10.65 M shares.

Below is a list of transactions that he has completed:

DATE OF SHARES AQUIRED SHARES SOLD GROSS PROCEEDS

NOV. 8.2.2 mln

NOV. 8.934,091 1.10 bln

NOV. 9:3.1 mln 3.35 bln

NOV. 10,000,000 5227.3 mln

NOV. 11 639737 $687.3 Mln

NOV. 12 1:2 mln 1.24 bln

NOV. 15.2.1 mln

NOV. 15,934,091 $930.7

NOV. 16:2.1 mln

NOV. 16 934 091 $973.4

NOV. 23.15 Mln 934.091 $996.6

DEC.

Total 10.65 mln 11.11 mln $5.79 bln

DID MUSK SELVE?

Musk announced on Nov. 6 that he would be selling 10% of his stake to Twitter users if they agreed. Musk owned approximately 234 million shares via his trust, stock options, and this brought his Tesla stake to around 23 percent as of June 30, 2013. His trust held 170 million shares.

Musk’s tweet was unclear. Musk was vague in his tweet. He did not say if Musk intended to transfer 10% of shares that he indirectly owns through the trust.

Musk is still able to purchase approximately 10 million additional shares at $6.24 per each after a frenzy of options.

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