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Elon Musk sells Tesla shares worth $1.05 billion, buys 2.15 million shares

Elon Musk had tweeted that he would sell 10% of his stock if users of the social media platform approved. (REUTERS) — Elon Musk had tweeted that he would sell 10% of his stock if users of the social media platform approved. **(REUTERS)**

1 min read . Updated: 24 Nov 2021, 12:31 PM IST Reuters

Tesla Inc. Chief Executive Elon sells shares worth $1.05 billion after exercising options to buy 2.15 million shares.

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Tesla Inc Chief Executive Elon Musk sold another 934,091 shares of the electric vehicle maker worth $1.05 billion after exercising options to buy 2.15 million shares, U.S. securities filings showed on Tuesday.

The world's richest person had on November 6 tweeted that he would sell 10% of his stock if users of the social media platform approved. A majority of them had agreed with the sale.

Since then, he has sold 9.2 million shares worth $9.9 billion. Last Tuesday, Musk sold 934,091 shares to meet tax withholding obligations related to the exercise of stock options.

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