Elon Musk has sold 934,091 more shares of Tesla, Inc. (TSLA) worth $1.01 billion to meet his tax obligations that have come with the exercising of options to buy 2.1 million shares, The Economic Times said in a report, citing regulatory filings. Shares of the company closed 6.4% down on Friday. The stock lost another 0.7% in the extended trading session to end the day at $1,008. (See Insiders’ Hot Stocks on TipRanks) Texas-based Tesla designs and produces electric cars, battery energy storage from home to grid-scale, solar panels and solar roof tiles, and offers related products and services.
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