Musk is Selling Tesla Shares Again for Nearly $1 Billion. Tesla CEO Elon Musk has again sold part of his shares in the maker of electric cars.
Multi-billionaire Elon Musk sold another 934,000 shares for $1.02 billion. This is according to a statement from the US stock market watchdog SEC.
In early November, Musk had agreed to sell one-tenth of his shares in Tesla after a vote on Twitter. Some of that money goes to taxes. Since then, he has sold approximately 15.6 million shares worth $16.4 billion.
To achieve his goal, he must sell 17 million shares. Musk is Tesla’s largest individual shareholder. According to the Bloomberg news agency calculations, he has a net worth of $278.9 billion.