News Snapshot:
Tesla’s chief executive officer Elon Musk unloaded stock in the electric car-maker, soon after holding a poll on Twitter over whether he should sell 10 per cent of his massive stake in the company. The world’s richest person on November 8 exercised 2.15 million options at a price of US$6.24 per contract, according to a regulatory filing Wednesday. He subsequently sold 934,000 shares to collect about US$1.1 billion. The shares were sold “solely to satisfy the reporting person’s tax withholding obligations related to the exercise of stock options,” the filing said. It also showed that the transactions were made based...
