Tesla's Musk exercises more options, sells shares worth US$1.05 billion
Tesla CEO Elon Musk gestures as he visits the construction site of Tesla's Gigafactory in Gruenheide near Berlin, Germany, Aug 13, 2021. (File photo: Patrick Pleul/Pool via Reuters)
Tesla chief executive Elon Musk sold another 934,091 shares of the electric vehicle maker worth US$1.05 billion after exercising options to buy 2.15 million shares, US securities filings showed on Tuesday (Nov 23).
The world's richest person had on Nov 6 tweeted that he would sell 10 per cent 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 US$9.9 billion. Last Tuesday, Musk sold 934,091 shares to meet tax withholding obligations related to the exercise of stock options.
