Elon Musk redeemed another million Tesla shares

Tesla CEO Elon Musk sold another 934,091 electric vehicle shares worth $ 1.05 billion after exercising an option on 2.15 million shares, the U.S. Securities and Exchange Commission said in a statement on Tuesday, according to Reuters.

The world’s richest man tweeted on November 6 that he would sell 10 percent of his shares if users of the social media platform support it. Most of them agreed to the sale. In retrospect, however, it turned out that it was just a powder splash, signaling the U.S. Stock Exchange already in late September that it would dispose of its shares and part of its call options.

It has since sold 9.2 million shares worth $ 9.9 billion. Last Tuesday, Musk sold 934,091 shares to meet its tax liability for exercising stock options. Musk will have to pay a tax bill of about 1.5 billion.


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