Elon Musk, CEO of electric car maker Tesla, sold 934,091 shares of the company worth $ 1.010 million, according to a report by MTNewswires that cited documents filed with the US securities regulator (SEC for its acronym in English).
The documents say the securities were sold solely to satisfy Musk’s withholding tax obligations related to exercising options to buy about 2.1 million shares, according to the report.
Earlier last month, Musk sold about $ 5 billion in shares, just days after asking users of the social network Twitter if he should sell 10% of his stake in Tesla to meet his tax obligations.
Since November, the owner of Tesla has exercised options to buy 10.7 million shares.
In the same way, it has sold 10.1 million titles with a value of 10.9 billion dollars.
Reference-www.eleconomista.com.mx