Tesla’s CEO Elon Musk has sold over three-quarters of Tesla shares. In the second round of removals this week, Elon Musk sold 934,091 shares for more than $884 million, according to a regulatory filing. The sales of shares were to pay for taxes on the exercise of 2.2 million options.
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The world’s richest person Elon Musk has been selling the shares of Tesla since he asked his Twitter followers on Nov. 6 whether if he should offload 10 per cent of his Tesla stake, which the majority of his followers answered “yes.” From that same time, he’s been exercising options, something he said he wanted to do by the end of the year and had a trading plan for. He has sold 12.9 million shares of Tesla for $13.6 billion.
