How many Tesla share left to be sold before Elon hits 10% target? How much lower will Tesla go?

Updated: Nov 24, 2021



I have consolidated Elon's share sales from SEC Form 4* filing in the table below (since his tweet). At this time of writing (13th November), he has sold approximately 6.4 million shares. Elon is known to own 23% of Tesla according to online sources. Taking 23% of Tesla 1B float, this is approximately 230 million shares.


*What is SEC Form 4?

Statement of Changes in Beneficial Ownership is a document that must be filed with the Securities and Exchange Commission (SEC) whenever there is a material change in the holdings of company insiders.


Based on his earlier tweet, since he proposed to sell 10% of his Tesla shares (seemingly to meet his tax obligations), 10% of 230 million would be 23 million shares.


Does this mean that Elon will continue to sell the remaining 16 million shares? That is another 72% left of his 10% threshold.


Before his tweet, Tesla closed at 1222.09 on 5th Nov.

Tesla latest closing price on 12th Nov: 1033.42


TLDR:

Price has fallen appx 15% after the share sale. And he has 16 million shares / 72% more to go if he decides to continue.


How much lower will Tesla share price go? We shall see!


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Below are the direct links to the individual Form 4 if you are keen to download them:

https://www.sec.gov/Archives/edgar/data/0001494730/000089924321044475/xslF345X03/doc4.xml

https://www.sec.gov/Archives/edgar/data/0001494730/000089924321044262/xslF345X03/doc4.xml

https://www.sec.gov/Archives/edgar/data/0001494730/000089924321044261/xslF345X03/doc4.xml

https://www.sec.gov/Archives/edgar/data/0001494730/000089924321044244/xslF345X03/doc4.xml

https://www.sec.gov/Archives/edgar/data/0001494730/000089924321044242/xslF345X03/doc4.xml

https://www.sec.gov/Archives/edgar/data/0001494730/000089924321044241/xslF345X03/doc4.xml

https://www.sec.gov/Archives/edgar/data/0001494730/000089924321044240/xslF345X03/doc4.xml

https://www.sec.gov/Archives/edgar/data/0001494730/000089924321044235/xslF345X03/doc4.xml

https://www.sec.gov/Archives/edgar/data/0001494730/000089924321044232/xslF345X03/doc4.xml

https://www.sec.gov/Archives/edgar/data/0001494730/000089924321044229/xslF345X03/doc4.xml

https://www.sec.gov/Archives/edgar/data/0001494730/000089924321044225/xslF345X03/doc4.xml

https://www.sec.gov/Archives/edgar/data/0001494730/000089924321044077/xslF345X03/doc4.xml

https://www.sec.gov/Archives/edgar/data/0001494730/000089924321044060/xslF345X03/doc4.xml


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