The world's richest person, Musk, sold over a billion dollars worth of stock in the electric vehicle company, passing the halfway point of his promise to sell 10% of his stake.
Musk sold more of his stock.
The images are from the same company.
According to the regulatory filings, Musk sold around 934,000 shares.
Musk exercised options to buy 2.15 million shares and the sale will cover taxes.
The billionaire has sold nearly $10 billion worth of his shares in the electric car maker since he asked users to vote on whether he should sell 10% of his stake.
According to Forbes, Musk will need to sell 17 million shares to reach the 10% threshold, with his recent sale pushing him past the halfway point.
While Musk has faced regulatory scrutiny for his social media posts, he vowed to let his followers dictate the future of his stake in the company. Users of the social media platform overwhelmingly voted for Musk to sell 10% of his stake. In 2010 and 2016 Musk sold around $24 million and $593 million worth of shares, respectively. In October, Musk became the first person to be worth more than $300 billion, though his worth has settled just below this milestone.
The number is big.
A trillion dollars. That's the market value of the company.
If Musk sold 10% of his stock, how much would he pay in taxes?
Here is how much stock was sold by Musk.
