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		</div><p>Tesla chief Elon Musk has sold another chunk of his stock after pledging on Twitter to liquidate 10% of his holdings in the electric car maker.</p>
<p>He sold about 640,000 shares for roughly 687.3 million dollars (£512.7 million), according to two filings with the US Securities and Exchange Commission.</p>
<p>So far this week, the chief executive has sold about 5.1 million shares worth about 5.69 billion dollars (£4.24 billion).</p>
<p>About 1.1 billion dollars (£820 million) of the proceeds will go towards paying tax obligations for stock options granted to Mr Musk in September.</p>
<p>The options are part of a compensation package he and Tesla agreed to in 2018 that provided the CEO with options if Tesla hit certain financial targets.</p>
<p>The company is now profitable and worth more than a trillion dollars.</p>
<p>Filings from Wednesday disclosed that Mr Musk exercised options to buy just over 2.1 million shares for 6.24 dollars each.</p>
<p>Wedbush Analyst Daniel Ives has calculated that he has more than 10 billion dollars in taxes coming due on stock options that vest next summer.</p>
<p>Mr Musk’s sales so far amount to just over 3% of his stake in Tesla. He still owns about 167.5 million shares, or just under 17% of the company, according to the SEC filings and data provider FactSet.</p>
<p>Last weekend, he said he would sell 10% of his holdings in the company, based on the results of a poll he conducted on Twitter.</p>
<p>The sale tweets prompted heavy selling in the stock on Monday and Tuesday. Shares were down another 2.2% in early trading on Friday, and are down about 15% for the week.</p>
<p>Mr Musk is Tesla’s largest shareholder and the wealthiest person in the world, according to Forbes, with a net worth of around 278.7 billion dollars (£207.9 billion).</p>
<p>Tesla is based in Palo Alto, California, although Mr Musk has announced it will move its headquarters to Texas.</p>
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