Elon Musk sold Tesla shares for $ 906.5 million

by time news

Tesla CEO Elon Musk has sold more than 934 thousand shares of his company for $ 906.5 million, Reuters reports, citing information disclosure. Mr. Musk also exercised options to buy 2.13 million Tesla shares. Since November, Tesla’s CEO has sold 11.97 million shares for $ 12.74 billion, while exercising options for 14.96 million shares.

In early October, Elon Musk asked Twitter users if he should sell 10% of his stake in Tesla; the majority voted in favor. Since then, the Tesla CEO has begun selling shares, both as part of the planned exercise of options, approved back in September, and outside of them. By November 24, he had sold more than half of the shares he promised to sell.

On the eve, Time magazine announced Elon Musk as the person of the year. According to the editor-in-chief of the magazine, Edward Felsenthal, the entrepreneur has a significant impact on life on Earth and “in the long term, perhaps, on life beyond.”

More details about the plans – in the material “Kommersant FM” “Elon Musk put his career under question.”

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