Elon Musk has sold off 934,091 shares for more than $884 million, regulatory filings show, the second round of disposals this week.
The sales were to pay for taxes on the exercise of 2.2 million options.
Musk has been on a selling spree since he asked his Twitter followers on Nov. 6 whether he should offload 10% of his Tesla stake, to which the majority answered “yes.”
At the same time, he’s been exercising options, something he had said he was likely to do toward the end of the year and had set up a trading plan for.
Musk has now sold 12.9 million shares for $13.6 billion, while exercising 17 million of the derivatives.
Tesla stock has dropped 25% since a peak on Nov. 4.
