Elon Musk sells $1bn in Tesla (TSLA) stock, thinks of quitting jobs
By Joseph Toppe
15:35, 10 December 2021
Elon Musk sold nearly $1bn (£757m) of his Tesla shares on Friday, a day after tweeting that he was thinking about quitting his jobs to become a full-time influencer.
A filing with the US Securities and Exchange Commission shows Musk sold another 934,091 Tesla shares, worth about $963.2m, while also exercising options to buy 2.17 million shares at $6.24.
In total, Musk has exercised options to purchase around 12.3 million Tesla shares, adding to his overall stake of the company.
Since 8 November, Musk has sold nearly 11.03 million of his shares totalling $11.82bn.
Musk accommodated a 6 November Twitter poll where users declared he sell 10% of his company stock, although some of the sales were already in play.
Musk’s 10% equals nearly 17 million shares. Following his recent offload, Musk is left with around 5.97 million shares.
Elon's quitting his jobs? Tesla shares lower
In a tweet on Thursday, the Tesla CEO said he was "thinking of quitting my jobs & becoming an influencer full-time wdyt,"
Musk did not elaborate on the statement.
He followed with another tweet that said: “If you like the chorus, you’ll love the drop.”
Musk is also the CEO of SpaceX, an American aerospace manufacturer based in California.
While SpaceX is a private company, shares for Tesla are down near 0.43% in early trading.
Over the last month, Tesla shares are off by 6% but remain up 42% year to date, and up 60% over the past 12 months.
A report in the Guardian this week said Musk told reporters a big reason he broke up with his musician girlfriend Grimes was due to his work at SpaceX and Tesla.