July 18, 2024

AndronETalksNews

AndronETalksNews

Elon Musk sells off another $930 million worth of Tesla stock bringing total sales in last six trading days to $7.8 billion

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. 

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