Wednesday, 1 Dec, 2021

Elon Musk just offloaded another $1.05 billion worth of Tesla shares, bringing his November share sales total to $9.9 billion

Tesla CEO Elon Musk.Picture Alliance/Getty ImagesSince his November 6 Twitter poll, Tesla CEO has sold 9.2 million shares worth $9.9 billion.Musk..

title Tesla CEO Elon Musk.
  • Since his November 6 Twitter poll, Tesla CEO has sold 9.2 million shares worth $9.9 billion.
  • Musk tweeted that he would sell 10% of his stock if users of the social media platform approved. 
  • A majority of his followers agreed with the sale.

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, US securities filings showed on Tuesday.

The world's richest person had on November 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.

Read the original article on Business Insider
By: [email protected] (Maria Ponnezhath)
Title: Elon Musk just offloaded another $1.05 billion worth of Tesla shares, bringing his November share sales total to $9.9 billion
Sourced From: www.businessinsider.com/musk-sells-more-shares-one-billion-2021-11
Published Date: Wed, 24 Nov 2021 05:38:00 +0000

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