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  • November 25, 2021

On Tuesday, Elon Musk sold another $1 billion worth of Tesla shares.

  • Tesla CEO Elon Musk's trust sold nearly $1.05 billion in stock on Tuesday evening, according to financial filings posted this week.
  • It brings the total amount of stock offloaded in the last two weeks to $9.85 billion.
  • He still owns 169 million shares in the electric vehicle manufacturer.

Elon Musk, CEO of Tesla, announced Tuesday that he sold another 934,091 shares of the electric vehicle maker for $1.05 billion, bringing his total selling spree this month to nearly $10 billion in Tesla stock. The sales were due to take place in September to exercise options set to expire in 2022.

This month, Musk has sold a total of $9.85 billion in Tesla stock, including $6.9 billion the week of Nov. 10 and another $1.9 billion on Nov. 15 and Nov. 16. Some of the shares were sold to cover tax liabilities arising from the execution of stock options.

Musk's and his trust still hold more than 169 million shares in the corporation.

Tesla stock plunged 15.4% in the week ending Nov. 12, the worst week for the stock in the 20 months since Musk began selling shares. Tesla's stock was up approximately 1% in the afternoon on Wednesday.

On Nov. 6, Musk conducted an informal Twitter poll, asking his more than 60 million followers whether he should sell 10% of his Tesla stock. The poll ultimately ended with users telling Musk to sell.

Musk, on the other hand, had previously stated that he planned to sell "a significant block" of his options in the fourth quarter. During a September appearance at the Code Conference, he stated that when his Tesla stock options expire, his marginal tax rate will be over 50%.