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Tesla CEO Elon Musk sold more stock again on Thursday. The most important word in that sentence is again.
Musk exercised more management stock options granted back in 2012, buying about 2.2 million Tesla (ticker: TSLA) shares for $6.24 each. He then sold another 934,091 shares to pay taxes. That makes sense because management stock options gains are taxed like regular income when they are exercised.