Elon Musk sells more Tesla shares worth $1.01 billion

Regulatory filings show that
Tesla Inc Chief Executive Elon Musk has sold another 934,091 shares of the company.

The filings reveal that the shares are worth $1.01 billion. Musk sold the shares to meet his tax obligations.

Since Nov. 8, Musk has exercised options to buy 10.7 million shares and sold 10.1 million shares for $10.9 billion.

Musk still has an option to buy about 10 million more shares at $6.24 each, which expires in August next year.