Elon Musk Just Sold Tesla Shares Worth $1.01 Billion
- Tesla Elon Musk has sold $1.01 billion worth of company shares and exercised more buy options.
- Musk still has an option to buy about 10 million more shares at $6.24 each.
- Early last month, Musk tweeted he would sell 10% of his stock if Twitter users approved. Most of them did.
Tesla Inc Chief Executive Elon Musk has sold another 934,091 shares of the electric vehicle maker worth $1.01 billion to meet his tax obligations related to the exercise of options to buy 2.1 million shares, regulatory filings showed on Thursday.
In early November, the world’s richest person tweeted that he would sell 10% of his stock if users of the social media platform approved. A majority of them had agreed with the sale.
Since November 8, Musk has exercised options to buy 10.7 million shares and sold 10.1 million shares for $10.9 billion.
Following a flurry of options exercise, Musk still has an option to buy about 10 million more shares at $6.24 each, which expires in August next year.