It's only the third time the world's richest person has sold shares of the company that made him a billionaire.
Though users overwhelmingly
for Musk to make the sale, footnotes in the Wednesday regulatory filings reveal the 50-year-old previously planned to sell the shares on September 14 to help foot the bill for options scheduled to expire next year.Shares of Tesla ticked up 2.7% in after-hours trading Wednesday after closing at about $1,068 per share.Tesla stock since the company went public on the Nasdaq exchange in 2010—and it's easily his biggest transaction. In July 2010, Musk sold slightly more than 1.
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