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 percent of his stock if users of the social media platform approved. A majority of them had agreed with the sale.
For all the latest headlines follow our Google News channel online or via the app.
Since Nov. 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.
Read more:
Elon Musk sells more Tesla shares than he needs to pay current tax bill
Tesla's market value falls below $1 trillion after Elon Musk tweets
Tesla’s Musk sells more shares worth $687 million
