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, US securities filings showed on Tuesday.
The world's richest person had on November 6 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.
Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock.
Do you support this?
— Elon Musk (@elonmusk) November 6, 2021
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.
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