Monday, April 28, 2025

Latest

Elon Musk Continues To Exercise Options, Sells $973.4 Million In Tesla Stock

Just as we thought a trend might be forming, it’s been broken. Elon Musk last night filed two more Form 4’s related to his stock sales of Tesla (NASDAQ: TSLA), this time breaking the routine that had started to form over the last week or so.

Yesterday, Musk continued to exercise his outstanding options in Tesla, again exercising 2.1 million of his warrants that have an exercise price of $6.24. This marks the third time that he has exercised these options this month, with 19.1 million options remaining as of last night.

He broke his trend however, in that this was the first time the options were not exercised on a Monday. Despite selling shares throughout all of last week, Musk had only sold from his direct holdings on Monday, with the remainder coming from his personal trust which holds the majority of his stake in the company.

This latest round of option exercises again saw Elon sell 934,091 shares of the company following the conversion of warrants to shares. This time he bagged $973.4 million in gross proceeds from stock sales, as compared to the $930.7 million he collected yesterday. Shares were sold at a range between $1,004.19 and $1,056.55.

Month to date, Elon Musk has sold a total of 8.23 million shares of Tesla for gross proceeds of $8.8 billion.

Tesla last traded at $1,054.73 on the Nasdaq.


Information for this briefing was found via Edgar. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Bell Q3 Earnings: Massive Impairments. Guidance Cuts. A Mess.

Alamos Gold Q3: Record Revenue & Production Amid Rising Costs

The Junior Mining Market Is Back

Recommended

Germany Looks To Modernize Military Recruitment But Stops Short of Conscription

First Majestic Silver Posts Topline Revenue Of $146.1 Million In Q3 2024

Related News

Tesla Posts Q3 Vehicle Deliveries Of 462,890, Falls Short Of Analyst Estimates

Tesla (NASDAQ: TSLA) this morning reported its third quarter production and delivery results, with the...

Wednesday, October 2, 2024, 09:14:15 AM

Elon Musk Says “Wise To Avoid Using Margin Loans” After Lenders Set Sight On Tesla Stocks

In response to a question about Tesla’s stock performance on Twitter, Tesla (Nasdaq: TSLA) CEO...

Friday, December 9, 2022, 08:45:00 AM

Tesla Recalls Over Two Million Vehicles Produced Since 2012 Over Autopilot Failures

Over two million Tesla (NASDAQ: TSLA) vehicles are being recalled following an investigation by the...

Wednesday, December 13, 2023, 08:22:42 AM

‘The Big Short’ Michael Burry: Tesla’s Bitcoin Purchase Was A Distraction From Quality Control Complaints

Michael Burry, the infamous hedge fund manager who successfully predicted the US housing market collapse...

Wednesday, February 10, 2021, 05:39:00 PM

Tesla Shares Jump After Elon Musk Tells Employees to Minimize Costs

Shares of Tesla (NASDAQ: TSLA) were up by nearly 5% on Monday morning, after CEO...

Tuesday, November 30, 2021, 03:04:00 PM