TechCrunch
Elon Musk’s Tesla stock sale hits $5B mark
Elon Musk has sold about $5 billion worth of Tesla stock, according to a slew of regulatory filings that posted late Wednesday. Initial filings showed Musk had sold 934,091 shares for about $1.1 billion out of more than 2.1 million options he received as part of a compensation package. Musk disclosed in a regulatory filing that he sold some of his stake to satisfy tax obligations related to exercising stock options.