Tesla's Elon Musk exercises more options, sells shares worth $1.05 billion

Tesla Inc Chief Executive Elon Musk has sold another 934,091 shares of the electric vehicle maker worth $1.05 billion and exercised option to buy 2.15 million shares, U.S. securities filings showed on Tuesday.

Reuters

November 24, 2021 / 13:02 IST

File image of Elon Musk

Tesla Inc Chief Executive Elon Musk has 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.

Reuters

first published: Nov 24, 2021 09:41 am

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