Tesla's Musk exercises options, sells some shares to cover tax bill

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Tesla's Musk exercises options, sells some shares to cover tax bill
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Elon Musk disclosed in a filing that he sold some of his stake in Tesla to satisfy tax obligations related to exercising stock options $TSLA

In its filing, Tesla said Musk sold shares on Monday to satisfy tax withholding obligations related to exercising stock options to purchase 2,154,572 shares.

Retail investors made net purchases of $157 million on Monday and Tuesday, according to Vanda Research.

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