Days after Tesla CEO Elon Musk asked people in a Twitter poll whether he should sell stock, a filing with the Securities and Exchange Commission late Wednesday showed Musk had put in place a plan to sell shares in September.
Musk set the plan to sell his stock Sept. 14, and has sold roughly 900,000 shares worth over $1 billion to cover a tax bill from exercising stock options, according to the filings. Musk disclosed Wednesday that he acquired just over 2 million shares of Tesla for $6.24 each, for about $13 million. The shares were worth more than $2 billion based on Tesla's current share price, and would likely trigger a tax bill for Musk.
Tesla did not immediately return a request for comment.
On Saturday, Musk posted a poll to his Twitter account asking whether he should sell 10% of his Tesla shares, and said he would abide by the poll's results. Twitter users voted by a 58% margin that Musk should sell the stock, but after Wednesday's disclosure Musk retains about 17% or about 170 million shares of Tesla stock, meaning he sold less than 1% of his holdings in this transaction.
Shares of Tesla advanced 2.6% in extended trading Wednesday.