Musk sells shares again, and Tesla's market value has evaporated by nearly $50 billion

Time:2021-12-30 Source: 929 views Trending Copy share

On December 17, Capital State learned that on December 16, local time, Musk once again sold 93,4091 Tesla shares, valued at approximately US$884 million.


At the same time, Musk exercised the options and bought 2,151,940 Tesla shares at a price of $6.24 per share.

It is reported that since November 8, Musk has sold about 12,900,512 Tesla shares, accounting for 75.66% of the number of shares he had previously promised to sell.

As Musk sells shares, Tesla's stock price has fallen 25.46% from its peak on November 4.

As of the close of trading on December 16, Tesla's stock price was US$926.92, a decrease of 5.03%, and its market value was US$930.9 billion, a decrease of nearly US$50 billion overnight.

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