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Elon Musk Just Offloaded Another $1.05 Billion Worth of Tesla Shares
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Elon Musk Just Offloaded Another $1.05 Billion Worth of Tesla Shares
Since his November 6 Twitter poll, Tesla CEO has sold 9.2 million shares worth $9.9 billion.
By
Maria Ponnezhath
November
24, 2021
You're reading Entrepreneur United States, an international franchise of Entrepreneur Media.
This story originally appeared on Business Insider
Tesla Inc Chief Executive Elon Musk sold another 934,091 shares of the electric vehicle maker worth $1.05 billion after exercising options to buy 2.15 million shares, US securities filings showed on Tuesday.
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The world's richest person had on November 6 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 then, he has sold 9.2 million shares worth $9.9 billion. Last Tuesday, Musk sold 934,091 shares to meet tax withholding obligations related to the exercise of stock options.
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