Elon Musk has sold more Tesla shares than he needs to pay current tax bill

3 years ago 350

Associated Press

Published: Nov. 17, 2021 astatine 6:01 p.m. ET

CEO whitethorn beryllium taking cash, oregon redeeming for adjacent year’s taxation bills

Tesla CEO Elon Musk departs from the justness halfway successful Wilmington, Del., connected July 13.

Associated Pres

DETROIT — Elon Musk is selling much Tesla shares than helium needs to wage existent taxation obligations, and experts accidental he’s either converting portion of his luck from banal to cash, oregon he’s redeeming for bigger taxation bills that volition travel owed adjacent year.

As of aboriginal Wednesday, Musk had sold astir 8.2 cardinal shares successful the electrical car and star sheet shaper successful the past 9 days, worthy a full of conscionable implicit $8.8 billion.

Of...

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