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Elon Musk just offloaded another $1.05 billion worth of Tesla shares, bringing his November share sales total to $9.9 billion

Maria PonnezhathNov 24, 2021, 12:12 IST

Business Insider

Tesla CEO Elon Musk.Picture Alliance/Getty Images

Since his November 6 Twitter poll, Tesla CEO has sold 9.2 million shares worth $9.9 billion.
Musk tweeted that he would sell 10% of his stock if users of the social media platform approved.

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 November 6 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.