Elon Musk sells another $1.05bn worth of Tesla stocks to fulfil Twitter vow – The National

Elon Musk sells another $1.05bn worth of Tesla stocks to fulfil Twitter vow – The National

After a few days’ break, Elon Musk resumed selling shares in Tesla and has come more than halfway to making good on his promise to offload 10 per cent of his stake in the electric car maker.

The billionaire sold an additional 934,091 shares for $1.05 billion, according to regulatory filings late on Tuesday, US time. He also exercised 2.15 million stock options and the sales were made to cover the taxes related to that transaction, the documents showed.

With the most recent disposals, Mr Musk now has offloaded 9.2 million shares and pocketed $9.9bn since he conducted a Twitter poll asking whether he should sell 10 per cent of his Tesla stake. A chunk of that money will go to taxes.