After promise, Musk sells $1.1B in Tesla shares to pay taxes
https://apnews.com/ed57f9319cb5aaa795d15fc74a0b1add
DETROIT (AP) — After making a promise on Twitter, Tesla CEO Elon Musk has sold about 900,000 shares of the electric car maker's stock, netting over $1.1 billion that will go toward paying tax obligations for stock options.
The sales, disclosed in two regulatory filings late Wednesday, will cover tax obligations for stock options granted to Musk in September. He exercised options to buy just over 2.1 million shares for $6.24 each. The company's stock closed Wednesday at $1,067.95 per share.
After promise, Musk sells $1.1B in Tesla shares to pay taxes
Nov 11, 2021, 2:27am UTC
https://apnews.com/ed57f9319cb5aaa795d15fc74a0b1add
> DETROIT (AP) — After making a promise on Twitter, Tesla CEO Elon Musk has sold about 900,000 shares of the electric car maker's stock, netting over $1.1 billion that will go toward paying tax obligations for stock options.
> The sales, disclosed in two regulatory filings late Wednesday, will cover tax obligations for stock options granted to Musk in September. He exercised options to buy just over 2.1 million shares for $6.24 each. The company's stock closed Wednesday at $1,067.95 per share.