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HomeAll NewsMost read newsBusiness Leaders Biography
Birthday : 06/28/1971
Place of birth : Pretoria - South Africa
Biography : Elon Reeve Musk is an entrepreneur and businessperson who founded 7 companies, including: Tesla, Inc

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

11/23/2021 | 11:12pm EST
FILE PHOTO: Tesla CEO Musk visits the construction site of Tesla's Gigafactory in Gruenheide near Berlin

(Reuters) -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.

(Reporting by Maria Ponnezhath in Bengaluru; Editing by Arun Koyyur)


© Reuters 2021