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Tesla's Musk sells shares worth $1.05 billion

Tesla's Musk sells shares worth $1.05 billion

The world's richest person had 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.

Tesla Inc Chief Executive Elon Musk Tesla Inc Chief Executive Elon Musk

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, U.S. securities filings showed on Tuesday.

The world's richest person had on Nov. 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.