Elon Musk, CEO of Tesla Inc, sold an additional 934,091 shares in the electric vehicle maker valued at $ 1.05 billion (SGD 1.4 billion) after exercising options to purchase 2.15 million shares, according to U.S. securities filings showed on Tuesday (November 23).
The richest person in the world tweeted on November 6th that he would sell 10 percent of his shares if the users of the social media platform agree. The majority of them had agreed to the sale.
Since then, he has sold 9.2 million shares valued at $ 13.5 billion. Last Tuesday, Musk sold 934,091 shares to meet tax withholding obligations related to the exercise of stock options.
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