Tesla’s Elon Musk exercises more options, sells shares worth $1.05 billion

Tesla Inc chief executive Elon Musk sold another 934,091 shares of the electric vehicle maker worth $1.05 billion after exercising options to buy 2.15 million shares, US securities filings showed on Tuesday.

The world’s richest person had on November 6 tweeted that he would sell 10% of his stock if users of the social media platform approved. A majority of them had agreed with the sale.