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Elon Musk’s Tesla Share Sales Pass the $10 Billion Mark

  • CEO has offloaded 10.1 million shares and exercised options
  • He’d need to sell 17 million shares to reach 10% threshold
Elon Musk 
Elon Musk Photographer: Samuel Corum/Bloomberg
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Elon Musk’s offloading of Tesla Inc. shares surpassed the $10 billion mark as he sold stock in the electric-car maker for the fourth consecutive week.

In the latest transactions, the world’s richest person got rid of more than 934,000 shares worth about $1.01 billion, according to regulatory filings dated Thursday. The purpose of the sales were to help Musk offset taxes on the exercise of about 2.1 million options.