Tesla's Musk says stock sale impact 'closer to tax maximization'

By Reuters

Musk was responding to a Twitter commenter who said Musk would end up with more Tesla shares if he sold options instead of shares. “A careful observer would note that my (low basis) share sale rate significantly exceeds my 10b (high basis) option exercise rate, thus closer to tax maximization than minimization,” the world's richest person and Tesla's top shareholder said in a tweet.

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