Musk cashed out another $900 million to accelerate the reduction of Tesla

Internet celebrity Musk's "selling and selling" action continues.

Musk sold another 930,000 shares of Tesla stock worth about $906.5 million (about 5.7 billion yuan), according to data from Monday's regulatory filings.

Since Musk tweeted on November 6 that he would reduce his 10% stake in Tesla stock, he has sold a total of 12 million shares.

If you don't count the stocks he bought with exercise, the number of shares he reduced has actually reached the goal of "10% of the shares sold is about equal to 17 million shares".

It is precisely because of Musk's selling and buying that the market is still speculating about when the sale will be completed, after all, Tesla's stock price has slipped 21% from the High point of November 4, entering a technical bear market.

From the current form, in addition to Musk, more and more AMERICAN executives have joined the army of reductions, and the situation has become more and more intense.

There's Ronald Lauder, a cosmetics billionaire who sold shares for the first time, Larry Page, co-founder of Google, and Sergey Brin, to the Walton family, the founder of Walmart, who accelerated the stock sell-off, and Mark Zuckerberg, CEO of Facebook's parent company, Meta Platforms.

But in fact, from tesla's stock price trend, it can also be seen that investors have been frightened.