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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 

Elon Musk 

Photographer: Liesa Johannssen-Koppitz/Bloomberg
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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.