Tesla Inc (TSLA) CEO Elon Musk sold $1 billion worth of the automaker’s shares on Tuesday, as per filings made with the U.S. Securities and Exchange Commission.
What Happened
The filings, made Tuesday, reveal that Musk exercised options to purchase 2.15 million stock options at $6.24 each and sold 934,091 shares.Tesla shares closed at $1,109.03 a share on Tuesday, which would value the sale at $1.03 billion.
