Elon Musk , Sells Nearly $5 Billion, of Tesla Stock.<br />CNN Business reports Elon Musk <br />sold approximately $5 billion <br />worth of Tesla stock this week.<br />CNN Business reports Elon Musk <br />sold approximately $5 billion <br />worth of Tesla stock this week.<br />Musk recently conducted a poll on Twitter asking followers what he should do with his 10% stake in the company.<br />Musk recently conducted a poll on Twitter asking followers what he should do with his 10% stake in the company.<br />Filings with securities regulators show that Musk had exercised stock options on Nov 8., subsequently selling half of the 2.1 million shares he had gained.<br />Filings with securities regulators show that Musk had exercised stock options on Nov 8., subsequently selling half of the 2.1 million shares he had gained.<br />Musk sold another 3.6 million shares <br />of the company on Nov. 9 and Nov. 10.<br />Musk sold another 3.6 million shares <br />of the company on Nov. 9 and Nov. 10.<br />Filings state the sale was <br />"solely to satisfy [Musk's] tax <br />withholding obligations related to <br />the exercise of stock options.".<br />Filings state the sale was <br />"solely to satisfy [Musk's] tax <br />withholding obligations related to <br />the exercise of stock options.".<br />As of Nov. 11, Musk had sold 2.6% of <br />the Tesla shares in his possession.<br />As of Nov. 11, Musk had sold 2.6% of <br />the Tesla shares in his possession.<br />According to CNN Business, <br />he made a $2.5 billion profit.<br />Tesla is worth over $1 trillion and is only the sixth company ever to reach that mark.<br />With a net worth of nearly <br />$300 billion, Musk is currently the wealthiest person in the world.<br />With a net worth of nearly <br />$300 billion, Musk is currently the wealthiest person in the world
