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Why Elon Musk Is Selling Tesla’s Rp 13.87 Trillion Again?

TEMPO.CO, Jakarta – Billionaire Elon Musk continues to divest its stake in Tesla. This time, Elon is known to sell 934,091 Tesla shares.

According to the Securities and Exchange Commission disclosure published Thursday, December 9, 2021, last night New York time, the shares were worth US$ 963.2 million or around Rp. 13.87 trillion (exchange rate of Rp. 14,400/US$).

Elon who is the richest person in the world also exercised stock options to buy 2.17 million share Tesla.

Stock price Tesla fell more than 1 percent in pre-market trading on Friday, after slipping 6 percent in the previous session. On the same day, Elon Musk again shared a tweet on Twitter.

He thought about quitting his job and becoming an influencer. However, it is not clear if he is serious about it.

Last month, Elon Musk sold a total of $9.85 billion in Tesla shares, including the $6.9 billion he sold on Sunday November 10 and another $1.9 billion he sold on November 15 and November 16.

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