Technology

After Twitter poll, CEO Musk sells off $5 bln in Tesla shares

After Twitter poll, CEO Musk sells off $5 bln in Tesla shares

After making a promise on Twitter, Tesla CEO Elon Musk has sold about 4.5 million shares of the electric car maker’s stock, raising over $5 billion. The sales, disclosed in 10 regulatory filings late Wednesday, amount to about 3% of Musk’s stake in the company. About $1.1 billion will go toward paying tax obligations for stock options granted to Musk in September.

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