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Tesla’s Musk sells some shares of EV maker, filings show -Breaking


© Reuters. FILEPHOTO: Elon Musk (SpaceX founder) looks on during a visit to the Gruenheide gigafactory, located near Berlin. This was May 17, 2021. REUTERS/Michele Tantussi/File Photo

(Reuters) – Elon Musk, Chief Executive Officer of Tesla (NASDAQ) Inc disclosed Wednesday in a filing that he sold shares of electric-car manufacturer.

Musk declared on Saturday that he will sell 10% of the stake if Twitter followers (NYSE: ) agree to it.

According to filings, the shares were being sold in order to pay taxes withholding requirements related to stock option exercise to buy approximately 2.2million shares.

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