Musk has again sold about $884 million worth of Tesla stock, having sold 75.66 percent of its pledges.

IT Home December 17 news, according to the US Securities exchange documents, Tesla CEO Elon Musk sold 934091 shares of Tesla stock on December 16, valuing $884 million, Musk has sold about 12900512 shares of Tesla stock since November 8, accounting for 75.66% of the number of shares he previously promised.

According to a Poll conducted by Musk on Twitter in November, he plans to sell a 10% stake in Tesla. At the time, he had slightly more than 170 million shares of Tesla stock, so theoretically he planned to sell about 17 million shares to make good on his promise on Twitter.

IT Home learned that in 2012, two years after Tesla's listing, Tesla's board of directors gave Musk the task of achieving 10 operational goals, each of which was achieved, and for every $4 billion increase in the company's market value (the market value target exceeded that of traditional car companies, 32+40×10=432>350), Musk was given 0.5% of the stock options, a total of 5%. Musk later achieved all of his performance goals except gross margin and eventually received 26.34 million options.

Because the options will expire on August 13, 2022, Musk must execute the options before that, that is, turn the options into stocks. With the options in his hand, Musk could buy 26.34 million shares of Tesla stock for $6.24. That is, spending $164 million (624×2634 = 1.64), based on Tesla's current stock price of about $1,000, the equity value is about $26 billion.

But the IRS believes that this part of the option is Musk's income and needs to be taxed like a salary. The total taxes Musk needs to pay for options is about $15 billion, and while Musk is the world's richest man, it's hard to come up with that much money at once.

On November 6, Musk tweeted that he would reduce his 10% (about 17 million shares) of Tesla stock if users voted to agree. With 58 percent of users expressing support, Musk officially started his reduction, and by November 17, he had sold about 8.2 million shares and accumulated $8.8 billion in cash. And before the options expire in August next year, there will be about $5.2 billion in tax gaps to be covered by the reduction.