DETROIT (AP) — 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. AdvertisementAbout $1.1 billion will go toward paying tax obligations for stock options granted to Musk in September. AdvertisementAfter the transactions, Musk still owns about 167 million Tesla shares. “Do you support this?”Tesla does not pay Musk a cash salary, but has received huge stock options. “I only have stock, thus the only way for me to pay taxes personally is to sell stock,” Musk tweeted.

Source: Huffington Post November 11, 2021 18:53 UTC