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Elon Musk claims he is ‘almost done’ selling Tesla stock

Tesla Chief Executive Officer Elon Musk, who has sold more than $15 billion worth of shares in the company since early November, said on Wednesday that he was “almost done” with his stock sales.

The billionaire had made confusing statements as to whether he might or might not be done with his stated goal of selling 10 percent of his Tesla shares.

“I sold enough stock to get to around 10 percent plus the option exercise stuff and I tried to be extremely literal here,” he said in an interview on Tuesday.




But on Wednesday he suggested he might not be done. “This assumes completion of the 10 billion sale,” he tweeted, referring to his prearranged sales plan related to his options.

“There are still a few tranches left, but almost done,” he tweeted later.

Under the Rule 10b5-1 trading plan set up in September, he has exercised stock options that expire next year and sold a portion of the stocks to pay taxes, according to Tesla filings.



Following a flurry of sales, Musk still has about 1.5 million stock options that expire in August next year.

Tesla shares extended gains, rising more than 5 percent on Thursday after ending 7.5 percent higher than the previous session.