Musk Exercises Options, Sells $930 Million More Tesla Shares
- CEO has offloaded about $7.8 billion worth of stock this month
- Some of the sales were to pay taxes on exercised options
This article is for subscribers only.
Elon Musk exercised options and offloaded more Tesla Inc. shares, continuing a streak of sales that helped tank the stock last week by the most since March 2020.
The world’s richest person disposed of more than 934,000 shares on Monday for about $930 million, according to regulatory filings. That adds to the $6.9 billion he already sold last week, just after he took an unusual Twitter poll asking whether he should dispose of 10% of his Tesla stake. Part of Monday’s sales were to help pay taxes on the exercise of 2.1 million options.