Tesla Inc. Chief Executive Officer Elon Musk has unloaded another $1 billion worth of his stock in the company, MarketWatch reported.

  • Filings with the Securities and Exchange Commission (SEC) show that the businessman exercised options to buy 2.1 million shares priced at $6.24 apiece, and sold over 934,000 shares at prices ranging from $1,058 to $1,112.
  • Musk was reported to have raised $1.01 billion from the share sale, his first since November 23, and bringing his share sales to about 10.1 million shares worth $10.86 billion since November 8.
  • The billionaire in September already said he plans to sell a significant stake in his stock as he has millions of stock options needed to be exercised by August 2022. He faces about a $15 billion tax bill on the options.

Musk last month took to Twitter to ask his followers whether he should sell a tenth of his stake in Tesla. TSLA is up 0.08% premarket.