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The Markets
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The Markets
by Proactive
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Manufacturing & engineering

Tesla’s Musk sells more shares worth over US$1bn

Musk began selling Tesla shares after asking his 63.2 million Twitter followers in early November whether he should shed 10% of his holding

Tesla Inc (NASDAQ:TSLA). chief executive Elon Musk has sold a further 934,091 shares in the electric vehicle maker worth US$1.05bn, after exercising another 2.15 million stock options, according to a filing with the US Securities and Exchange Commission.

Last week, Musk sold more than 934,000 shares for around US$973mln.

Musk began selling Tesla shares after asking his 63.2 million Twitter followers in early November whether he should shed 10% of his holding in the electric vehicle giant. A majority voted in favour of the sale.

Since then, Musk has sold 9.2 million Tesla shares worth US$9.9bn, Reuters reported.

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