Elon Musk sells $1B in Tesla shares, nearing 10% target

Photo by: Tesla
Photo by: Tesla

(Palo Alto, CA) -- Tesla and SpaceX CEO Elon Musk has sold another billion dollars worth of Tesla stock.  

Musk has been unloading Tesla shares since November 8th, partly to pay coming tax bills on stock options. Musk also polled his tens of millions of Twitter followers the first week in November on whether he should sell ten-percent of his stake in Tesla and they voted yes.  

Tesla shares are up more than 54-percent this year, making Musk the wealthiest person on Earth. His net worth is estimated at more than 275-billion dollars.