Tesla and SpaceX CEO, Elon Musk, has sold another 934,090 shares valued at about $1.02 billion out of his holdings in his electric car and solar business, this was rrevealed in a filing with the U.S. Securities & Exchange Commission.
Musk also made options to buy about 1.6 million Tesla shares at a strike price of $6.24 per share which was granted to him as a compensation package in 2012.
While trying out his options in the last quarter of the year, Musk’s holding in the electric car company has increased to over 177 million shares from about 170.5 million shares.
However, since November 8, he has been selling off some shares so as to offset his tax bills after he took a poll on Twitter asking his followers in November whether he should sell 10% of his stakes in Tesla.
Musk expressed in a tweet last week that he was “almost done” trimming his Tesla holdings by 10%.
According to a report, Tesla shares have risen more than 54% this year making Musk the world’s wealthiest person with a net worth of over $275 billion.
