Elon Musk said Tuesday he's met his goal of selling 10% of his stake in Tesla Inc., and criticized California for 'overtaxation.'
Elon Musk said Tuesday he’s met his goal of selling 10% of his stake in Tesla Inc., and criticized California for “overtaxation.”
div.youtube { height:0; position:relative; padding-bottom:56.25%; } div.youtube > iframe { position: absolute; left: 0; top: 0; width: 100%; height: 100%; } According to a Securities and Exchange Commission filing, Musk exercised 2 million more options and sold nearly 584,000 more Tesla shares Tuesday, bringing the total number of shares sold over the past month-plus to about 13.5 million — slightly shy of the roughly 17 million shares that constituted his 10% stake as of Nov.
Musk, who has insulted top Democrats in recent weeks who have called for him to pay more in taxes, took a parting shot at California’s high taxes. This year, Musk moved his residence and Tesla’s corporate headquarters from California to Texas, which has significantly lower taxes.