Elon Musk says he’s ‘sold enough’ Tesla stock to satisfy his 10% goal

Elon Musk says he's 'sold enough' Tesla stock to satisfy his 10% goal

Elon Musk said Tuesday he’s met his goal of selling 10% of his stake in Tesla Inc., and criticized California for “overtaxation.”

In a nearly hourlong podcast interview with the satirical website the Babylon Bee, the Tesla TSLA CEO said: “I sold enough stock to get to around 10% plus the option-exercise stuff, and I tried to be extremely literal here.”

According to a Securities and Exchange Commission filing, Musk exercised 2 million more options and sold nearly 584,000 more Tesla shares Tuesday, bringing the total number of shares sold over the past month-plus to about 13.5 million — slightly shy of the roughly 17 million shares that constituted his 10% stake as of Nov. 7, when he posted a Twitter poll asking whether he should sell. He’s made more than $14 billion in those sales. But over that time he’s also exercised options to buy…

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