Tesla (NASDAQ:TSLA) Chief Executive Officer Elon Musk has sold more of his holdings in the electric vehicle maker that he founded.
A regulatory filing shows that Musk has sold another 934,091 Tesla shares worth $1.05 billion U.S. after exercising options to buy 2.15 million shares.
Musk, who is ranked as the world's richest person, had on November 6 Tweeted that he would sell 10% of his Tesla stock if users of the social media platform approved. A majority of people had agreed with the sale.
Since then, Musk has sold a total of 9.2 million Tesla shares worth $9.9 billion U.S. Last Tuesday, Musk sold 934,091 shares to meet tax withholding obligations related to the exercise of stock options.
Neither Musk or Tesla commented on the latest stock sale.
Tech Insider
