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Tesla’s Musk exercises more choices, sells shares worth $1.05 bln

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Nov 23 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk bought one other 934,091 shares of the electrical automobile maker worth $1.05 billion after exercising choices to purchase 2.15 million shares, U.S. securities filings confirmed on Tuesday.

The world’s richest particular person had on Nov. 6 tweeted that he would promote 10% of his inventory if customers of the social media platform authorized. A majority of them had agreed with the sale.

Since then, he has bought 9.2 million shares worth $9.9 billion. Last Tuesday, Musk bought 934,091 shares to satisfy tax withholding obligations associated to the train of inventory choices. learn more

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Reporting by Maria Ponnezhath in Bengaluru; Editing by Arun Koyyur

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