Tesla shakes out

Tesla (NASDAQ: TSLA) shares are falling as CEO Elon Musk has slowly worked to offload the 10% of his shares he publicly said he was targeting. The stock is down 13.5% over the past month. But the shares rose again on Wednesday morning after Musk said in an interview that he had sold everything he intended to at the moment. As of 10:25am ET, Tesla shares were up 4.6%.

The CEO of Tesla spoke on The Babylon Bee podcast about selling his shares, taxes and why he moved Tesla's headquarters from California to Texas earlier this month. Musk has now sold 13.5 million Tesla shares and says he is close enough to his target to sell what he needs to pay his huge tax bills. Last weekend Musk said he would pay $11 billion in taxes this year.

Tesla shares are likely to react today to the fact that Musk also exercised options to buy some 16.4 million more shares while selling shares to cover his tax liabilities. According to MarketWatch, he still has more shares than when he originally discussed selling 10% of his holdings.

Musk has also discussed moving the company's headquarters to Texas, a move that has drawn criticism from California. That move to Tesla's gigafactory in Austin became official on December 1.

While Musk may have been entertaining during the interview, investors are more focused on his actions than anything else. And now that he's sold all the shares he intends at the moment, investors are boosting Tesla stock today.