April 19, 2024

AndronETalksNews

AndronETalksNews

Elon Musk Sells Another $963 Million Tesla Stock Amid Insider Selling Frenzy on the S&P500

The Epoch Times

By Benzinga

December 10, 2021 Updated: December 10, 2021

 

Tesla Inc. CEO Elon Musk sold shares worth $963.2 million on Thursday, as per filings made with the U.S. Securities and Exchange Commission.

What Happened: Musk sold 934,091 shares of Tesla and also exercised options to purchase 2.17 million shares of the automaker at $6.24.

As per the filings, the shares were “sold solely to satisfy the reporting person’s tax withholding obligations.”

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