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Elon Musk redeemed another 1 million shares of Tesla

Elon Musk redeemed another 1 million shares of Tesla

The US Securities and Exchange Commission said in a statement Tuesday that Tesla CEO Elon Musk sold another 934,091 shares of electric vehicles, valued at $1.05 billion, after exercising an option on 2.15 million shares. Reuters to me.

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 supported it. Most of them agreed to sell. However, in retrospect, it turns out that it was just a speck of dust, indicating that already in late September the US stock exchange will be dumping its shares and some of its call options.

It has since sold 9.2 million shares, valued at $9.9 billion. Last Tuesday, Musk sold 934,091 shares to meet the tax obligations associated with exercising stock options. duty. Musk will have to pay a tax bill of about 1.5 billion.

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