Elon Musk appears to have wrapped up a busy year of trading his Tesla shares Tuesday. He’ll end up with one of the largest tax bills in history to show for it.
Summary
- New York (CNN Business) Elon Musk appears to have wrapped up a busy year of trading his Tesla shares Tuesday.
- The trades completed the exercise of the 22.9 million options he held that were due to expire in August.
- He sold off 10.3 million of the shares he acquired thoughout the process to cover his tax withholding requirements .
- Tesla TSLA In early November, Musk also sold an additional 5.4 million shares that he had held in trust.
- But that will still increase his taxes by $1.2 billion, bringing his 2021 federal tax bill to $10.7 billion.