The last of Musk's stock options have been exercised.
According to a regulatory filing, Musk exercised an option to buy about 1.6 million shares of the company. The billionaire sold over 934,000 shares for over $1 billion.
Musk's stock sales will cover taxes on the exercise of the option under a prearranged trading plan. The "10b5-1 trading plan" was completed on December 28, 2021.
According to a calculation, Musk has acquired 22.86 million shares through exercising options.
Musk has been selling his stock since he asked his followers on November 6 if he should sell 10% of his stake. The answer was yes.
Musk would need to sell 17 million shares to dump 10% of his stake in the company. According to the news outlet, Tuesday's sale takes Musk's total to about 15 million shares.
When he completes his programmed sales, Musk will meet the 10% share sale target.
On December 22, 2021, Elon Musk posted a picture of himself.
Musk still has moreTesla shares than when he started selling.
After exercising his options, he now owns over 178 million shares, up from 170.5 million shares.
The net worth of Musk is $279 billion.
