He has sold a combined 10.1 million shares, which is over
half of the stake that he had pledged to sell, and has acquired 10.7 million
shares by exercising options, since November 8.
Musk said on November 6 he would sell 10 percent of his
stake if Twitter users agreed. He owned a combination of about 244 million
shares through his trust and stock options, bringing his stake in Tesla to
about 23 percent as of June 30. It included 170 million shares held by his
trust.
The tweet was vague. Musk did not outline if he was
intending to offload 10 percent of the shares he indirectly owned through the
trust or if his stock options were also part of the deal.
Following a flurry of options exercise, Musk still has an
option to buy about 10 million more shares at $6.24 each, which expires in
August next year. – Reuters