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Elon has started selling (but has a lot more selling to go) and Exercising his Options

Elon has started selling (but has a lot more selling to go) and Exercising his Options

Edit – more SEC filings are dropping like hot potatoes.

Edit – Title should read: "Elon has started selling (but has a lot more selling to go) and is Exercising his Options. "

Reference my older post if you care why he was definitely going to sell – it's also likely that he will continue selling in 2021 (linked at the bottom) . Note: Elon sold 934,091 shares on Monday, he has about 18,000,000 more to sell and will likely do so this year. Unfortunately because Tesla is heavily weighted in the S&P 500 that means the volatility he has created will keep VIX elevated so we're looking at some wild days. It's not that there won't be a Santa Rally but we have to be more careful. FYI – watch the SEC filings, if he's selling every day we'll start seeing the filings. Now, if he is selling every day people may panic and tank the price. I'm tired but will dig in more later. Of interest might be that people think he is done so we could be in for some wild swings in Tesla itself.

https://preview.redd.it/wp6ppv1m1vy71.png?width=1208&format=png&auto=webp&s=039ed01895b2509ee0d8d34a2e5e8a0efaa60a99

Older post: https://www.reddit.com/r/wallstreetbets/comments/qorwlq/why_elon_musk_will_definitely_sell_10_of_his_stock/?utm_source=share&utm_medium=web2x&context=3

Edit: I'm tired so I'll have to dig into the charts, dark pools, volumes, et cetera later to get a better understanding of what has likely occurred yesterday and today.

submitted by /u/ploopanoic
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