Elon Musk Sells $1.1 Billion in Tesla Stock

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Elon Musk sold about $1.1 billion in Tesla Inc. shares on Monday as he exercised just over 2 million stock options that he received as part of his compensation package.

The options the Tesla chief executive reported exercising in regulatory filings made public late Wednesday were valued at roughly $2.5 billion at Monday’s close. He paid around $13.4 million in exercise costs.



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