Tesla boss Elon Musk has sold another $930 million of shares in the firm, marking the latest move after he asked Twitter users to vote on whether he should offload a big part of his stake
Tesla CEO Elon Musk gestures as he visits the construction site of Tesla's Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. Patrick Pleul/Pool via Reuters
The two options-related sales were set up in September via a trading plan that allows corporate insiders to establish preplanned transactions on a schedule, the filings said. As of the end of 2020, he had an option to buy 22.86 million shares, which expire in August next year, a Tesla filing shows. On Nov. 6, Musk polled Twitter users about selling 10% of his stake, pushing down Tesla's share price after a majority on Twitter said they agreed with the sale. It was not clear how or whether the trading plan related to Musk's Twitter poll.Our Standards:Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
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