Tesla CEO Elon Musk sold about $1.05 billion in stock on Tuesday evening, according to financial filings posted this week. The sales were scheduled in September to exercise options that were set to expire in 2022.
Musk has sold a total of $9.85 billion in Tesla stock this month,
including the $6.9 billion he sold the week of Nov. 10 and another $1.9 billion
he sold on Nov. 15 and Nov. 16. Some of the shares were sold in part to satisfy
tax obligations related to an exercise of stock options.
Musk and his trust still hold more than 169 million shares in the
company.
Tesla
shares fell 15.4% the week ended Nov. 12,
marking the worst week for Tesla stock in 20 months after Musk began selling
shares. Shares of Tesla were up about 1% on Wednesday afternoon.
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