Elon Musk sells Tesla shares worth $1.05 billion, buys 2.15 million shares

Reuters / Updated: Nov 24, 2021, 10:19AM IST

FacebookTwitterLinkedinEMail

Articles

Elon Musk sells Tesla shares worth 105 billion buys 215 million 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, U.S. securities filings showed on Tuesday.

The world's richest person had on Nov. 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.

Follow Gadgets Now on Facebook and Twitter. For the latest news, tech news, breaking news headlines and live updates checkout Gadgetsnow.com

FacebookTwitterLinkedin

end of article

Top Gadgets

5G smartphones in India 2021

Best Mobile Phones under 10000

Best Smartphones under 15000

Best Smartphones under Rs 20000

Best 1.5 Ton AC under Rs 25,000

More Top Gadgets

Brands

Mobiles