Tesla's Musk exercises more options, sells $973 million for taxes

Over the past week, Musk has sold about 8.2 million Tesla shares for around $8.8 billion. Those sales fulfill almost half of his pledge on Twitter to sell 10% of his stake in Tesla.With electric-car makers increasingly in demand on Wall Street, Tesla's stock has surged more than 150% in the past 12 months.

"There's still plenty of buying interest because I still think ultimately investors are viewing this as a phase and viewing pullbacks as an opportunity," said Craig Erlam, senior market economist at OANDA. "If you ask me where the share price is going to be six months from now, 12 months from now? I'd say it's more likely to be 20% higher than 20% lower."

Reporting by Noel Randewich in Oakland, Calif. Additional reporting by Lance Tupper in New York, Peter Henderson in Oakland and Hyunjoo Jin in Los Angeles Editing by Jonathan Oatis, Matthew Lewis & Shri NavaratnamSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.

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Elon Musk exercises more options, sells another $973 million of Tesla shares to pay taxesInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. Musk pays taxes? CancelBusinessInsider ThankYouKirk VLS KMS Good news, but its peanuts. He should pay tax at a higher rate that a low paid worker because he can. The low paid worker cant.
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Taxes aren't the only reason Elon Musk is selling Tesla stockMost of Elon Musk's Tesla stock sales don't appear to be connected with taxes, accountants said, which could mean he will unload far more stock than expected. The man is allowed to sell elonmusk I won't be sharing this good news on how am getting paid from jbrwon1 platform, if I didn't see others testifying, I was doubting but now that am experiencing how great he's platform work..I also recommend you to jbrwon1 for safe and secured investment. For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her earn_with_jens_ Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success
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