Daily Poll: He has already decided.
$Tesla(TSLA.US$ chief executive Elon Musk has sold around $5bn of shares in the electric carmaker.
The documents showed that the sale of about a fifth of the shares was made based on a pre-arranged trading plan set up in September. 14 , long before Mr Musk's social media posts at the weekend about selling some of his shares.
The documents showed that the sale of about a fifth of the shares was made based on a pre-arranged trading plan set up in September. 14 , long before Mr Musk's social media posts at the weekend about selling some of his shares.
The company's shares fell by around 16% in the two days after the poll came out in favor of him selling shares, before regaining some ground on Wednesday.
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THEWIZARD : LOL.
That's only a very small percentage of what he needs to sell.
THEWIZARD : https://ir.tesla.com/sec-filings
PirateyAhoy : He is simply going to dilute every other shareholder when he exercises his options. People do not understand that he owns more while shareholders hold less in a such a circumstance...we have loss value without being aware of it
NotRoss : If Musk fulfills his promise, he needs to sell 12.5 million shares
THEWIZARD : His buy in costs is $6.24 per share.
Selling around 1100+ to 1200+ levels equals to about 180X - 200X profits.
He needed a strong buyer base to offload to.
In the meanwhile, they just needed to hear a nice story and believe that he'll bring them to the moon soon!
After completion of offloading, perhaps another tweet?
Revelation 6 : Let’s go Brandon.
THEWIZARD : IF the source of the plan being hatched in September is true, then all prices after August had already been inflated.
It takes time to plan and execute huge orders.
Welcome to Wall Street!
PW6187 : Not a good human being. Scamming and lying all the time. Always craving the limelight. Can't wait for his bad fall.