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Elon Musk Sells Another $1B in Tesla Shares
Tesla CEO Elon Musk sold another nearly $1 billion in Tesla shares, nearing his apparent target of selling 10% of his stake in the electric car company. Musk sold 934,090 shares, roughly $1.02 billion of his holdings, according to financial filings published Tuesday, per BizPacReview. He also exercised options to purchase almost 1.6 million Tesla […]
Tesla CEO Elon Musk sold another nearly $1 billion in Tesla shares, nearing his apparent target of selling 10% of his stake in the electric car company.
Musk sold 934,090 shares, roughly $1.02 billion of his holdings, according to financial filings published Tuesday, per BizPacReview. He also exercised options to purchase almost 1.6 million Tesla shares for $6.24 a share, which were granted in a 2012 compensation package.
Since November 8, partly to pay his whopping tax bill, Musk has been unloading chunks of his holdings.
This quarter, his holdings increased from 170.5 million shares to over 177 million.
In 2021 alone, Tesla shares surged over 54 percent, making Musk the wealthiest person in the world.
Human Events
Reporting credited to the Human Events newsroom rather than an individual byline.
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