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Elon Musk sells Tesla shares worth $1.05 billion

Musk exercised option to buy 2.15 million shares
Last Updated 24 November 2021, 05:57 IST

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.

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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(Published 24 November 2021, 04:19 IST)

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