The move gives billionaire cash to pay for the tax bill associated with the exercising of the options.
Musk tweeted on Saturday that he would offload 10% of his stake if users of the social media network approved the proposal
The Dow Jones Industrial Average was up 170.49 points, or 0.47%, at 36,498.44
Tesla Inc CEO Elon Musk should sell about 10% of his Tesla stock, according to 57.9% of people who voted on his Twitter poll
This week, Tesla surpassed $1 trillion in market value, overshadowing the combined value of five of its biggest rivals, Toyota Motor Corp, Volkswagen AG, Daimler AG, Ford Motor Co and General Motors.
The combined net worth of Elon Musk and Jeff Bezos approached $500 billion on Wednesday
The stock rallied 12.7% on news that Tesla landed its biggest-ever order from rental car company Hertz
Record sales last summer propelled Tesla to the biggest quarterly net earnings in its history
Electric vehicle maker Tesla's Autopilot results in a noticeable decrease in driver attention when activated, finds a new report.
Electric vehicle company Tesla's CEO Elon Musk has said that the upcoming Tesla Roadster "should ship in 2023"
Tesla is in talks with at least three Indian suppliers to source critical parts as part of its plans to enter the Indian market
Billionaire says the robot would be able to handle jobs from attaching bolts to cars with a wrench, or picking up groceries at stores.
The departments have also asked Tesla for its thoughts on importing fully built cars versus so-called knocked-down units or partially built vehicles
Tesla posted record vehicle deliveries in the second quarter, and the price increases in North America boosted quarterly profits to a record.
Tesla posted a profit of $1.45 per share, easily topping analyst expectations for a profit of 98 cents per share
Japan's Panasonic Corp sold all of its stake in Tesla Inc last financial year which helped it earn billions of dollars in proceeds to fund new investments, the Nikkei business daily reported
Long-time Tesla Inc executive and president Jerome Guillen, who left the company earlier in June, has sold an estimated $274 million worth of shares after exercising stock options since June 10
China is the electric car maker's second-biggest market after the United States
Shares in the Seoul-based company that owns 19.43% in the song's producer SmartStudy Co. climbed as much as 10%
We have a non-banking financial company (NBFC) that provides the financing for transactions.