Those shares he acquired, for a total of $13.4 million, were instantly worth about $2.3 billion. Musk said he had sold about a million of the shares “solely” to cover taxes on 2,154,572 shares he picked up at $6.24 each. ![]() Tesla’s stock closed trading on Wednesday at $1,067.95, which would value the shares at about $4.8 billion, but some were sold for slightly higher prices. ![]() ![]() Musk sold about 4.5 million shares between Monday and Wednesday, according to filings with the Securities and Exchange Commission. Elon Musk, the chief executive of Tesla, disclosed on Wednesday that he had sold about $5 billion worth of Tesla shares, in part to cover his tax obligations after exercising options on a large tranche of stock.
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