Elon Musk has now sold more than half the stock he vowed on Twitter

Tesla shares have rebounded 9.4% after initially slumping following Musk's Twitter poll.

Elon Musk

Elon Musk, the billionaire leader of Tesla. (Photo: Bloomberg)

Anders Melin | Bloomberg
After a few days’ break, Elon Musk resumed selling shares in Tesla Inc., now coming more than halfway to making good on his promise to offload 10% of his stake in the electric-car maker.

The billionaire sold an additional 934,091 shares for $1.05 billion, according to regulatory filings late on Tuesday U.S. time. He also exercised 2.15 million stock options, and the sales were made to cover the taxes related to that transaction, the documents showed.

With the most recent disposals, Musk now has offloaded 9.2 million shares and collected about $9.9 billion of proceeds since he conducted a Twitter

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 24 2021 | 11:34 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com