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Musk sold Tesla stock all week… Sold 8.1 trillion won

Additional sale worth 1.4 trillion won on Friday… Tesla share price 15% last week ↓

Elon Musk, Tesla CEO

[AFP 연합뉴스 자료사진. 재판매 및 DB 금지]

(New York = Yonhap News) Correspondent Kang Geon-taek = CEO Elon Musk, who leads the American electric vehicle company Tesla, has been selling Tesla stock over the past week.

According to CNBC broadcast on the 13th (local time), Musk announced the same night that he had sold $1.2 billion worth of Tesla stock the day before Friday.

As a result, it is counted that Musk sold Tesla stock worth a total of $6.9 billion (about 8.14 trillion won) for five consecutive days from the 8th to the 12th.

After Musk posted a sudden tweet to his Twitter followers on the 6th of last weekend, “Please decide whether to sell a 10% stake in Tesla,” he sold his stock every day the stock market opened. At that time, a majority of respondents (58%) in the survey supported the sale of 10%.

Musk cited the billionaire position being discussed in Congress as the reason, but the US media pointed out that he had already announced in September that he would sell “a large amount” of stock options by the end of the year. .

The massive sell-off of Musk, who is the CEO and face of the company, had a big impact on Tesla’s high-flying stock price.

Tesla, which hit an all-time high of $1,229.91 per share on November 4, fell 15.4% over the past week, the biggest drop in 20 months.

Musk still owns 166 million shares of Tesla, CNBC reported.

firstcircle@yna.co.kr