Tesla Chief Executive Officer Elon Musk unloaded another batch of shares on Monday, in a rough start to the week for the electric car maker.
Musk exercised options to buy 2.1 million shares TSLA, -0.94% at $6.24 each, then sold 934,091 at prices between $952 to $1,002, for a total of about $906.5 million, according to filings with the Securities and Exchange Commission.
The latest batch brings his total sales to around $11.76 billion since Nov. 8, a day after his Twitter poll voted for him to sell a 10% stake in Tesla. As of Dec. 9, he owned a 17.16% stake in the company, according to FactSet Research.
Shares were down 2% in premarket trading on Tuesday.
Monday saw Tesla shares drop nearly 5%, in step with technology losses and the bigger market amid worries about monetary policy and the…