Tesla's Elon Musk sells another 934,000 shares to pay taxes after exercising options - filing

Tesla Inc Chief Executive Officer Elon Musk exercises option to buy 2.1 million shares and sold another 934,091 shares solely to meet tax withholding obligations related to the exercise of stock options, U.S. securities filings showed on Tuesday.

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Earlier, Tesla Chief Executive had sold about $5 billion in shares, the billionaire reported las week. It came  just days after he polled Twitter users about selling 10% of his stake.

n his first share sale since 2016, Musk`s trust sold nearly 3.6 million shares in Tesla, worth around $4 billion, while he also sold another 934,000 shares for $1.1 billion after exercising options to acquire nearly 2.2 million shares.

The 4.5 million shares equate to about 3% of his total holdings in the electric vehicle manufacturer, which makes up the vast part of his estimated $281.6 billion fortune, according to Forbes.