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Elon Musk sells another $906.5 million worth of Tesla shares
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cnbc.comIn this article
SpaceX and Tesla CEO Elon Musk sold another 934,091 shares of his electric car company, which are worth around $906.49 million, according to a pair of financial filings with the Securities and Exchange Commission published late Monday.
He also exercised options to buy 2.13 million shares at the strike price of $6.24 per share granted to him via a 2012 compensation package.
Shares of Tesla closed down 5% at $966.41 on Monday.
The latest insider transactions by the Tesla CEO and centi-billionaire were part of a «Rule 10b5-1» trading plan dated Sept. 14, the filings said. This type of plan allows company insiders to execute trades in their own company's stock for a set, future date.
Musk, who is the wealthiest person in the
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