Musk Nears Tesla Share Sale Target With $1 Billion Offload

Tesla CEO Elon Musk sells further $1.02 billion of stock
Sale takes Musk close to target of 10% reduction of holding

Elon Musk
Photographer: Liesa Johannssen-Koppitz/Bloomberg

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By Angus Whitley and Venus Feng

December 29, 2021 at 2:03 AM UTC

Updated on

December 29, 2021 at 9:48 AM UTC

This article is for subscribers only.

Elon Musk sold a further $1.02 billion of Tesla Inc. shares, taking him close to his target of reducing his stake in the electric-car maker by 10%.

The Tesla chief executive officer -- also the world’s richest person -- sold 934,090 shares, according to a filing with the U.S. Securities & Exchange Commission.