Daily Mail UK
Tesla CEO Elon Musk sold $930 million in shares to meet tax withholding obligations related to the exercise of stock options, U.S. securities filings showed on Monday.
Musk sold 934,091 shares after exercising options to buy $2.1 billion worth of the stock on Monday. The sale was ‘solely to satisfy the reporting person’s tax withholding obligations related to the exercise of stock options,’ the filings said.
However, Musk has now sold a total of $7.8 billion worth of Tesla stock over the past six trading days, and not all of the sales have cited tax withholding requirements.