Tesla’s Musk Exercises More Options, Sells $973 Million for Taxes

Tesla’s Musk Exercises More Options, Sells $973 Million for Taxes
Tesla Chief Executive Office Elon Musk speaks at his company's factory in Fremont, California, on June 22, 2012. Noah Berger/Reuters
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Tesla Chief Executive Elon Musk sold another $973 million in stock to pay taxes after exercising options on Tuesday, filings showed after the electric vehicle maker’s shares rebounded during regular trade.

Musk acquired 2.1 million shares worth $2.2 billion at the Tuesday closing price and sold 934,091 for $973 million to pay taxes, the SEC filings showed.