(Bloomberg) — Elon Musk has trimmed his Tesla Inc. stake further as he exercised additional options.
The wold’s richest person offloaded another 934,091 shares for about $906.5 million to cover taxes on the exercise of 2.1 million options, according to regulatory filings dated Monday. He’s already sold almost 12 million shares since the pledged on Twitter to get rid of 10% of his Tesla stake — which would amount to about 17 million shares without taking into account his exercisable options.
Tesla’s stock has lost 21% since a peak in November as Musk has trimmed his stake. He’s still added almost $98 billion to his fortune this year, taking it to $253.6 billion, according to the Bloomberg Billionaires Index.
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