(CNBC) Tesla CEO sold 934,091 shares of the company worth about $906.49 million, taking his total sale in December alone to more than $2.87 billion.
The stock sales in December occurred after a series of other disposals, with the CEO relinquishing $9.85 billion worth of shares in November.
The share sales are part of “Rule 105b5-1” dated September 14, which allows company insiders to make trades at a set future date.
Musk also exercised options allowing him to purchase 2.13 million shares of Tesla at the $6.24 strike price.
The Tesla CEO initiated the stock sales after a Twitter poll asking his fans whether he should sell 10% of his holdings in the electric vehicle company.
Musk still has millions of other stock options which can be exercised by August next year. Other Tesla executives, including its CFO Zachary Kirkhorn and Chief Accounting Officer Taneja Vaibhav, have sold the company shares in December.
TSLA: NASDAQ is down -2.02% on premarket.
