Elon Musk taxes Stories November 29, 2017

After the Los Angeles tunnel network and the Baltimore-DC underground Hyperloop, Elon Musk’s Boring Company is going to attempt a third infrastructure project: a ‘high-speed loop’ to link Chicago’s airport to downtown. expand full story

Elon Musk taxes Stories May 27, 2016

Earlier this week, Tesla confirmed having closed its recent secondary offering with $1.7 billion in net proceeds to finance its Model 3 production program, but part of the offering was also a significant set of transactions in order for Elon Musk to exercise 5,503,972 stock options and then sell 2,782,670 shares to pay taxes.

In a SEC filing issued last night, Tesla confirmed that Musk sold the shares at $213.22 for a total of just over $593 million. After the transaction, Musk’s stake in Tesla stands at 31,100,644 shares worth just over $7 billion. expand full story

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