Elon Musk has sold Tesla shares again. This time 934,000 papers for around one billion US dollars.

The Tesla boss is said to have an estimated fortune of around 285 Billion dollars as the richest person in the world.

 Musk sells more Tesla shares for a billion dollars

Now Musk has sold Tesla shares again.

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The entrepreneur sold around 934,000 papers.

That's what

  • Musk sold Tesla shares for a billion dollars.

  • In total, Musk has sold around ten million Tesla shares so far.

  • Musk is the company's largest single shareholder.

Tesla boss Elon Musk has again silvered shares in his group. The entrepreneur sold around 934,000 papers for about one billion US dollars, as emerged from mandatory notifications to the US Securities and Exchange Commission on Friday night.

This means that Musk has sold around ten million Tesla shares worth almost eleven billion dollars (9.6 billion euros) since he agreed to sell part of his stake in the electric car manufacturer in a Twitter vote in early November.

Musk had Twitter users vote whether he should part with ten percent of his 17 percent Tesla stake in order to pay more taxes. To achieve this goal, Musk has to sell more Tesla shares. Musk is the company's largest single shareholder.

The Tesla boss is considered the richest person in the world with an estimated fortune of around $ 285 billion. But its wealth is largely based on shares that are only taxed when they are sold.

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By Teresa Tapmleton

Teresa Tampleton has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Nizh TEkegram, Teresa Tampleton worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my teresa@ntelegram.com 1-800-268-7341

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