Tesla Inc (NASDAQ:TSLA). chief executive officer Elon Musk sold a further 934,091 shares in the electric car maker worth US$906.5mln, according to regulatory filings.
Musk also exercised options to buy 2.13 million Tesla shares.
Musk, the richest person in the world, last month tweeted that he would sell 10% of his shares in Tesla if his Twitter followers approved. A majority voted in favour of the sale.
In separate news, Musk, who is also the CEO of SpaceX and leads the brain-chip startup Neuralink and infrastructure firm The Boring Company, has been named Time magazine's 2021 Person of the Year.
"For creating solutions to an existential crisis, for embodying the possibilities and the perils of the age of tech titans, for driving society's most daring and disruptive transformations, Elon Musk is TIME's 2021 Person of the Year," the magazine's editor-in-chief Edward Felsenthal said.
"Even Elon Musk's spacefaring adventures are a direct line from the very first Person of the Year, Charles Lindbergh, whom the editors selected in 1927 to commemorate his historic first solo transatlantic airplane flight over the Atlantic."