Musk says he sold 'enough stock'; slams California for 'overtaxation'

When asked whether he sold the stock because of the Twitter poll, he said he needed to exercise stock options that are expiring next year 'no matter what'

Tesla CEO Elon Musk said he had sold "enough stock" to reach his plan to sell 10% of his shares in the world's most valuable car company, according to an interview released on Tuesday.

The billionaire, who moved the company's headquarters from California to Texas this month after his personal move, also slammed California for "overtaxation" and "overregulation." Tesla shares, which had hovered near record highs, lost about a quarter of their value after Musk said on Nov. 6 he would sell 10% of his stake if Twitter users agreed.

Tesla shares surged nearly 4% in morning trade on Wednesday.

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