Connect with us

Hi, what are you looking for?

Business

Elon Musk Sells Around $5 Billion in Tesla Stock

Elon Musk Sells Around  Billion in Tesla Stock

Elon Musk sold about $5 billion in Tesla Inc. shares this week as he exercised stock options that he received as part of his compensation package, according to regulatory filings made public late Wednesday.

The Tesla chief executive first exercised just over 2 million stock options Monday that were valued at roughly $2.5 billion at the day’s close, paying around $13.4 million in exercise costs.

You May Also Like

World

France, which has opened its borders to Canadian tourists, is eager to see Canada reopen to the French. The Canadian border remains closed...

Health

Kashechewan First Nation in northern Ontario is experiencing a “deepening state of emergency” as a result of surging COVID-19 cases in the community...

World

The virus that causes COVID-19 could have started spreading in China as early as October 2019, two months before the first case was identified in the central city of Wuhan, a new study...

World

April Ross and Alix Klineman won the first Olympic gold medal for the United States in women’s beach volleyball since 2012 on Friday,...