Tesla Inc Chief Executive Elon Musk has sold another 934,091 shares of the electric vehicle maker worth $US1.01 billion ($A1.42 billion) to meet his tax obligations related to the exercise of options to buy 2.1 million shares.
Subscribe now for unlimited access.
$0/
(min cost $0)
or signup to continue reading
In early November, the world's richest person tweeted that he would sell 10 per cent of his stock if users of the social media platform approved.
A majority of them had agreed with the sale.
Since November 8, Musk has exercised options to buy 10.7 million shares and sold 10.1 million shares for $US10.9 billion ($A15.4 billion).
Following a flurry of options exercise, Musk still has an option to buy about 10 million more shares at $US6.24 ($A8.80) each, which expires in August next year.
Australian Associated Press
