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Musk Passes Tesla Sale Halfway Point With $9.9 Billion Sold

  • CEO has offloaded 9.2 million shares and exercised options
  • He’d need to sell 17 million shares to reach 10% threshold
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Elon Musk resumed selling shares in Tesla Inc. and passed the halfway point toward making good on a plan to offload 10% of his stake in the electric-car maker.

The billionaire offloaded another 934,091 shares for $1.05 billion, according to regulatory filings posted late Tuesday. The sales were carried out to cover taxes related to Musk exercising an additional 2.15 million stock options, the documents show.