Likely for taxation purpose. Not as if he needs those cash for something.

Tesla's Musk sells another 934,000 shares to pay taxes after exercising options

Nov 16 - Tesla Chief Executive Elon Musk sold another $973 million in stock to pay taxes after exercising options on Tuesday, filings showed after the electric vehicle maker's shares rebounded during regular trade.Musk acquired 2.1 million shares worth $2.2 billion at the Tuesday closing price and sold 934,091 for $973 million to pay taxes, the SEC filings showed.In a sector surge spearheaded by Rivian Automotive Incand Lucid Group Inc, Tesla Incrose 4.1% to close at $1,054.73, leaving its mark
Tesla's Musk sells another 934,000 shares to pay taxes after exercising options

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