Steady je constantly selling stocks.
Tesla executive officer Elon Musk said he sold ‘enough shares’ in fulfillment of a promise to sell 10% of the shares held.
On Tuesday, Musk has sold another 583,611 shares and so far the total number of shares he has sold is 13.5 million which is equivalent to 80% of what was planned.
Musk said of the 13.5 million shares sold, 8.06 million were sold to pay taxes related to the exercise of his options and he also said he would pay more than US $ 11 million in taxes this year.
Earlier, Elon Musk had promised to sell 10% of his shares after Twitter users agreed in a vote that had been made.
Meanwhile, Tesla has moved the company’s offices from California to Texas this month and has lashed out at California for the state’s ‘too much tax’.
