Elon Musk has sold more than $1B in Tesla stock

Elon Musk has sold more than $1B in Tesla stock

2 years ago
Anonymous $np3LcwuhSi

https://techcrunch.com/2021/11/10/elon-musk-has-sold-more-than-1b-in-tesla-stock/

Tesla CEO Elon Musk has sold about $1.09 billion worth of Tesla shares, following a Twitter poll last weekend that asked his followers whether he should sell 10% of his stock. 57.9% voted for and 42.1% voted against, and now we’re here.

Multiple filings with the Securities and Exchange Commission (SEC) on Wednesday show the CEO selling over 930,000 shares out of more than 2.1 million options at a price of $6.24 per share. Musk disclosed in the filing that he sold some of his stake to satisfy tax obligations related to exercising stock options. His shares sold at a number between $1,200 and $1,100 apiece as Tesla shares dipped by 4.8% on Monday.