SAN FRANCISCO: Tesla CEO Elon Musk said he had sold "enough stock" to reach his plan to sell 10 per cent of his shares in the world's most valuable car company, according to an interview released on Tuesday (Dec 21).
The billionaire, who moved the company's headquarters from California to Texas this month after his personal move last year, also slammed California for "overtaxation".
Tesla shares, which had hovered near record-highs, lost about a quarter of their value after Musk said on Nov 6 he would sell 10 per cent of his stake if Twitter users agreed.
On Tuesday, Musk sold another 583,611 shares, bringing the total number of shares he has offloaded to 13.5 million – about 80 per cent of what he had planned to sell.
"I sold enough stock to get to around 10 per cent plus the option exercise stuff and I tried to be extremely literal here," he said in the interview with satirical website Babylon Bee.