Elon Musk Exercises More Options, Sells $1.05b Tesla Shares

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.

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.

Reuters with additional editing by Jim Pollard

Elon Musk Sells $5 Billion in Tesla Shares After Poll

JPMorgan Sues Tesla for $162 Million over Elon Musk Tweet

Twitter Votes ‘Yes’ to Musk Plan to Sell 10% of Tesla Stock

Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.