Elon Musk Sells Another $963 Million Tesla Stock Amid Insider Selling Frenzy on the S&P500

A photo of Tesla Inc. CEO Elon Musk during a delivery event for Tesla China-made Model 3 cars at its factory in Shanghai, China, on Jan. 7, 2020. Aly Song/File Photo/Reuters

Tesla Inc. CEO Elon Musk sold shares worth $963.2 million on Thursday, as per filings made with the U.S. Securities and Exchange Commission.

What Happened: Musk sold 934,091 shares of Tesla and also exercised options to purchase 2.17 million shares of the automaker at $6.24.