Elon Musk sells another $ 687 million in Tesla stock


Maja Hitij | Getty Images News | Getty Images

Tesla Trust CEO Elon Musk sold 639,737 shares of the electric vehicle company on Thursday for a total of approximately $ 687 million, according to regulatory documents released on Friday.

The news comes days after Musk and his trust sold about $ 5 billion worth of stock.

Before the initial sale, Musk asked for his millions Twitter follower on whether he should sell 10% of his Tesla stock and said he would follow the results. That survey was supported by around 58% of those who responded. However, some of the shares were sold in part to meet tax obligations relating to the exercise of stock options.

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