Tesla fell over 3% in morning trading as Musk sold another $907 million of Tesla Motors shares
Tesla fell over 3% in morning trading as Musk sold another $907 million of Tesla Motors shares.According to the documents, Musk sold 934,091 shares Tesla MotorsShares on Monday, valued at $906.5 million, Musk has sold about 11,966,421 shares since November 8Tesla MotorsStocks, accounting for 70.18% of its previously promised shares.
Tesla dipped nearly 2% in premarket trading as Musk sold another 934,091 shares on Monday
Tesla dipped nearly 2% in premarket trading as Musk sold another 934,091 shares on Monday.Tesla CEO Elon Musk sold another 934,091 shares in the automaker, worth nearly $906.5 million, on Monday, as per filings made with the U.S. Securities and Exchange Commission.Musk conducted the sale of shares to satisfy tax withholding obligations on the exercise of stock options to purchase 2.13 million shares of Tesla, as per the filings.Musk has sold 12 million shares since he tweeted on November 6 that
Rivian,Adobe,FedEx,Lennar,Campbell Soup,and Other Stocks to Watch This Week
The main event for investors this week will be the Federal Reserve’s rate-setting committee’s last meeting of 2021. Recent commentary from officials has leaned more hawkish, setting up a potential announcement of plans to accelerate monthly asset purchase tapering.The Federal Open Market Committee’s two-day meeting takes place on Tuesday and Wednesday.Earnings reports this week are few, but will include Campbell Soup on Tuesday;Lennar,Accenture,FedEx,Rivian Automotive, and Adobe on Thursday; and