Upgrade to SI Premium - Free Trial

Tesla (TSLA) Shares Dip After CEO Elon Musk Says He is 'Thinking of Quitting' All Jobs; Sells Additional $963 Million of Stock

December 10, 2021 4:16 AM

Tesla (NASDAQ: TSLA) CEO Elon Musk entertained his Twitter followers on Thursday night once again after tweeting that he is “thinking of quitting my jobs & becoming an influencer full-time wdyt.”

It is currently unknown whether Musk was serious or he was simply joking with nearly 66 million followers on Twitter. The tweet was liked over 200,000 times with around 21,000 retweets and over 28,000 replies about 5 hours after it was posted.

His tweet comes after earlier this year he told analysts on an earnings call that he expects to stay at the helm of Tesla for “several years.”

"It would be nice to have a bit more free time on my hands as opposed to just working day and night, from when I wake up to when I go to sleep 7 days a week. Pretty intense,” Musk said.

A month ago Musk asked his Twitter followers whether he should sell 10% of his Tesla stake. After the majority answered yes, he started selling Tesla shares.

Yesterday, Musk exercised Tesla stock options to buy 2,17 million shares before he sold another 934,091 shares of the electric vehicle maker worth $963.2 million, filings showed.

Including yesterday’s sale, Musk sold nearly $12 billion worth of Tesla stock in the past month.

Tesla share price is down 2.5% in pre-open Friday.

Categories

Hot Insider Trades Insider Trades Trader Talk

Next Articles