Tesla's Musk exercises more options, sells shares worth $1.05 bln
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FRIDAY, FEBRUARY 03, 2023
Tesla's Musk exercises more options, sells shares worth $1.05 bln

World+Biz

Reuters
24 November, 2021, 11:45 am
Last modified: 24 November, 2021, 11:47 am

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Tesla's Musk exercises more options, sells shares worth $1.05 bln

Musk sold 934,091 shares to meet tax withholding obligations related to the exercise of stock options

Reuters
24 November, 2021, 11:45 am
Last modified: 24 November, 2021, 11:47 am
Photo: Collected
Photo: Collected

Tesla Inc Chief Executive Elon Musk sold another 934,091 shares of the electric vehicle maker worth $1.05 billion after exercising options to buy 2.15 million shares, US securities filings showed on Tuesday.

The world's richest person had on 6 November tweeted that he would sell 10% 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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Tesla / Musk / Share

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