Tesla Confirms Elon Musk Has Begun Selling Off Stock

In additional SEC filings late Wednesday, Tesla (TSLA) has confirmed that CEO Elon Musk has sold roughly $5 billion worth of stocks.

More sales are expected throughout the week. 

Yesterday, we reported that Tesla revealed that Musk exercised about $2.3 billion worth of Tesla stock options and sold about $1.1 billion worth to cover the tax burden the comes with exercising the shares.