Elon Musk Sells $1.01 Billion in Tesla Shares After Exercising More Options



Tesla CEO Elon Musk isn’t done selling Tesla shares as of yet, and with a recent sale, Musk has surpassed an impressive milestone.

Musk has now sold more than $10 billion USD in Tesla shares in his recent share selling spree, after selling another 934,000 shares on Thursday, according to The Wall Street Journal.

With over 2.1 million Tesla stock options exercised on Thursday according to regulatory filings, Musk’s sale of Tesla shares afterwards amounted to $1.01 billion USD.

Prior to the sale of his shares, Musk owned 170.5 million shares in Tesla, which is set to help him gain $21 billion USD upon reaching the 10 percent goal.

In November, Tesla CEO Elon Musk shared a Twitter poll asking if he should sell 10 percent of his stock in Tesla in order to pay more taxes, and with the audience voting yes, Musk began exercising options and selling shares every few days.

Musk’s current net worth is around $284 billion USD, putting him on top of the world’s wealthiest billionaires.

Following the poll, Musk also taunted Vermont Senator Bernie Sanders on Twitter after Sanders posted about billionaires, with Musk emphasizing the sale’s purpose as a means to pay more in taxes.

At the time of writing, Tesla’s shares are trading for 1,018.01 (-66.59) down 6.14 percent from Friday at market open.

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