The documents show that Musk exercised stock options on November 8.Purchased 2,154,572 Tesla shares at $6.24 per share. The expiration time of this part of stock options is August 13, 2022.According to Tesla’s closing price of $1067.95 on Wednesday, if Musk sold all these stocks, he would make a net profit of $2.288 billion. Immediately afterwards, Musk sold 934,000 shares at a price between US$1135.05 and US$1196.24, aiming to withhold tax for the newly purchased shares, valued at approximately US$1.1 billion.
As part of Musk’s compensation plan, Tesla authorized stock options to Musk in 2012. Since Musk has no salary or bonus at Tesla, all his wealth comes from stock awards and Tesla stock price gains.Musk received a stock award of 22.8 million shares in 2012, with an exercise price of US$6.24 per share.
After the stock transaction, Musk still holds more than 170 million shares of Tesla.Last weekend, Musk launched an online survey on Twitter, allowing netizens to decide whether they should sell 10% of Tesla’s shares. As a result, 58% of netizens support Musk’s sale. Musk subsequently said that he would abide by the voting results.