Elon Musk sold Tesla shares for $1 billion more

Elon Musk sold Tesla shares for $1 billion more

Elon Musk has sold just over 934 thousand shares of Tesla for $1.01 billion, reported Reuters, citing documents filed with the U.S. Securities and Exchange Commission.

Musk exercised options with the right to buy 2.1 million shares at a price of $6.24 per unit. Since early November, when Musk conducted a poll on his page on Twitter on whether he should sell 10% of his assets, the businessman sold 10.1 million shares worth $10.9 billion. As indicated by Reuters, he has options to purchase 10 million shares at the same cost, which can be used until August 2022.

According to Forbes’ real-time billionaire ranking, on November 1, Elon Musk became the first person in history whose fortune exceeded $300 billion. His fortune is currently valued at $283 billion.

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