News > Elon Musk sells Tesla shares worth $1.1 bn after Twitter poll 

Elon Musk sells Tesla shares worth $1.1 bn after Twitter poll 

Tesla Chief Executive Elon Musk sold about $1.1 billion worth of shares to cover tax obligations on options exercised, the billionaire reported in filings on Wednesday.

Musk exercised options to acquire nearly 2.2 million shares of Tesla and then sold about 934,000 shares -- about 0.5% of his Tesla holdings. The move gives Musk cash to pay for the tax bill associated with the exercising of the options.