What’s Elon Musk doing with the billions he’s collected in the past two months from selling shares in Tesla? Neither SpaceX nor Tesla responded to requests for comments about how Musk is using the proceeds of his stock sales. Most Tesla shares sold to cover taxesMusk sold 10.3 million of the shares on the same days he exercised options to buy an additional 22.9 million shares of Tesla stock. From November 9 through 11, Musk sold 5.4 million shares, raising $5.8 billion. If Musk was going to make additional investments in SpaceX, selling Tesla shares was the most likely way for him to do so.

Source: CNN January 03, 2022 15:57 UTC