Since November 8, Musk has been selling stock.
The pool has a person in it.
Since early November, Musk has sold more than 14 billion shares of the electric-vehicle maker's stock.
The billionaire sold 934,091 of his shares in the second round of sales. The same amount Musk sold on Monday was $906 million, which is $22 million more than the haul four days later.
The Federal Reserve's potential three interest-rate hikes in 2022, as well as the recent plunge in the stock ofTesla, weighed on the stock as investors worried about the pace of the Fed's cutbacks in its monetary policy.
Musk has been selling his stock since November 8, after he asked his fans on social media if he should dump 10% of his stake in the company. He got a "yes" in the affirmative.
The EV maker's boss, who was recently named "Person of the Year" by Time Magazine and the Financial Times, appears to be on track to reach the 10% target in the coming days, according to analysts. They estimate that Musk would need to sell 4.1 million more shares to hit it.
Musk's comments suggested he was going to sell a lot of stock to cover tax obligations for exercising options that are due to expire in August. He has been selling shares and tapping the options he was granted in 2012
Thursday's sale was part of a plan to cover tax costs on the exercise of 2.2 million options the same day.
With the August deadline approaching, he has tapped 17 million of the 22.9 million stock options and sold 12.9 million of them for $13.6 billion.
Musk has the right to buy shares at a strike price of $6.24, which is less than 1% of the current value.
The shares of the company fell into a bear market this week. The stock was 5% lower at Thursday's close, after being down 12% in the past month.
It was trading 1.5% lower on Friday. The world's most valuable car company is up 31% for the year so far.
The table shows Musk's transactions since November 8.
The date is
The shares were acquired.
The shares were sold.
Gross incompetence.
There was no activity on NOV. 8
2.2 million.
There was no activity on NOV. 8
934,091
$1.10 billion.
There was no activity on NOV. 9
3.1 million dollars.
$3.35 billion.
There was no activity on NOV. 10
500,000 people.
$547 million.
There was no activity on NOV. 11
There are over 6 million.
$687.3 million.
There was no activity on NOV. There were 12.
1.2 million.
$1.24 billion.
There was no activity on NOV. 15.
2.1 million.
There was no activity on NOV. 15.
934,091
$930.7 million.
There was no activity on NOV. 16.
2.1 million.
There was no activity on NOV. 16.
934,091
$973.4 mln.
There was no activity on NOV. 23.
2.2 million.
934,091
A total of $1.05 billion.
The year ends in December. 2
2.1 million.
934,091
A total of 1.01 billion dollars.
Dec.9
2.2 million.
934,091
$986 million.
Dec. 13
2.1 million.
934,091
$906 million.
Dec. 16
2.2 million.
934,091
$884.1 million.
Total.
17.2 million dollars.
There was a total of 12.9 million dollars.
$13.62 billion.
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