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The CEO of Tesla Motors, Elon Musk has sold approximately 934,091 shares that cost staggering $1.01 billion dollars.
He did this to meet his tax obligations to exercise the options of buying 2.1 million shares.
Elon Musk has exercised more options since November 8 to acquire 10.7 million shares and sold 10.1 million shares for $10.9 billion.
Still, Musk has an option to buy 10 million shares while each share costs $6.24. However, they expire in August next year.
Last month, Musk tweeted that he would sell ten percent of his stocks if Twitteratis agreed.
It turned out to be true as most of the people gave positive reaction to his poll.
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