Elon Musk, the billionaire and founder of Tesla Inc., is said to have sold another 934,090 shares in the electric vehicle manufacturer for $1.2 billion.
This comes just seven days after Musk confirmed that he would pay more than $11 billion in taxes this year.
He also predicted that the tax rate would rise the following year.
The billionaire has been selling his Tesla stock since November, when he polled Twitter users about selling 10% of his stake.
He has now sold over 15 million Tesla stock shares.
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Remember that Elon Musk sold about $5 billion in Tesla stock last month, followed by nearly $1 billion the following month?
Musk’s fortune is heavily reliant on Tesla, and SpaceX was recently valued at $100 billion following a funding round.
