DETROIT (AP) — After making a promise on Twitter, Tesla CEO Elon Musk has sold about 4.5 million shares of the electric car maker’s stock, raising over $5 billion.
The sales, disclosed in 10 regulatory filings late Wednesday, amount to about 3% of Musk’s stake in the company.
About $1.1 billion will go toward paying tax obligations for stock options granted to Musk in September.
