Tesla Chief Executive Elon Musk disclosed in a filing on Wednesday that he had sold shares of the electric-car maker.
As reported by CNBC, the billionaire's sales amount to more than 930,000 shares worth over $1.1 billion. He still holds in excess of 170 million shares, the business network reported.
Musk said on Saturday that he would sell 10% of his stake if his followers on Twitter approved the move on a poll.
The shares were sold to satisfy tax withholding obligations related to exercise of stock options to purchase about 2.2 million shares, according to the filing.
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