EnergyWatch

Elon Musk sells Tesla shares for an additional USD 1.05bn

Tesla founder Elon Musk sells shares to reduce his tax bill by exercising stock options.

Photo: ODD ANDERSEN/AFP / AFP

The business magnate has sold off USD 1.05bn worth of Tesla shares, according to a regulatory filing late on Tuesday.

The statement emphasizes that the shares have been sold off to meet Musk's tax obligations through the exercise of stock options.

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