Tesla’s Musk sells some shares of EV maker, filings show

Reuters

– Tesla Inc Chief Executive Officer Elon Musk disclosed in a filing on Wednesday that he had sold shares of the electric-car maker.

Musk said on Saturday that he would sell 10% of his stake if his followers on Twitter approved the move on a poll.

The shares were sold to satisfy tax withholding obligations related to exercise of stock options to purchase about 2.2 million shares, according to the filing.


(Reporting by Nivedita Balu in Bengaluru; Editing by Sriraj Kalluvila)

Related News:   Meadowlands Casino Proposal Pushes Atlantic City Officials into Panic Mode

tagreuters.com2021binary_LYNXMPEHA91H5-BASEIMAGE

You appear to be using an ad blocker

Shore News Network is a free website that does not use paywalls or charge for access to original, breaking news content. In order to provide this free service, we rely on advertisements. Please support our journalism by disabling your ad blocker for this website.