Elon Musk exercised an option on Tuesday to buy 1.6 million shares of Tesla and sold 934,090 shares for $1.02 billion to pay for taxes associated with the option exercise, the filings showed.
A Tesla car owner in Finland has blown up his Model S electric car by strapping it with dynamite rods (30 kgs of it) as per a report by Gizmodo. What caused this ‘explosive’ reaction, you might ask. Because paying for repairs would have cost about half the total cost of the car.
The billionaire, who moved the company's headquarters from California to Texas this month after his personal move last year, also slammed California for "overtaxation."
Tesla CEO Elon Musk said he had sold "enough stock" to reach his plan to sell 10% of his shares in the world's most valuable car company, according to an interview released on Tuesday.