Tesla’s CEO, Elon Musk has sold another 934,091 of the company’s shares worth $1.05 billion, bringing to total $9.85 billion stocks sold this month.
According to filings with the Securities and Exchange Commission, Musk made sales after exercising options to buy 2.15 million shares.
Recently, Tesla’s shares fell by 15.4% which marks the worst slide in 20 months after Musk began selling shares.
Musk indicated earlier this year he was likely to sell “a huge block” of his options in the fourth quarter, he also added that when his stock options expire at Tesla, his marginal tax rate would be over 50%.
Musk still holds more than 169 million shares in the company.
