Tesla's Elon Musk sells $930 million in shares to cover stock option tax: filings

Musk sold 934,091 shares after exercising options to buy 2.1 million stocks at $6.24 each on Monday. Tesla shares closed at $1,013.39. He is required to pay income taxes on the difference between the exercise price and fair market value of the shares.

from Tech-Economic Times https://ift.tt/3owkfGL