Elon Musk sells another $ 687 million in Tesla stock

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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.

This news is under development, please come back for updates.

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