RIYADH: Elon Musk offloaded $1.01 billion worth of Tesla shares, surpassing $10 billion in over the past month, as he seeks to sell 10 percent of his stake in the electric-car maker.
Musk got rid of about 934,000 shares in the latest transaction, according to regulatory filings dated Thursday.
The world’s richest person is aiming to offset taxes on the exercise of about 2.1 million options, Bloomberg reported.
Musk is the richest person in the world with a $284.1 billion fortune, according to the Bloomberg Billionaires Index.
His wealth has surged by $128.1 billion this year with Tesla shares having climbed 54 percent.