Elon Musk bought an extra $1.02 billion of Tesla Inc. shares, taking him near his goal of lowering his stake within the electric-car maker by 10 %.

Tesla’s CEO — additionally the world’s richest individual — bought 934,090 shares, in keeping with a submitting with the U.S. Securities & Alternate Fee.

Musk has been offloading Tesla inventory since asking his Twitter followers in November whether or not he ought to promote a few of his stake. Musk mentioned in a tweet final week that he was “nearly executed” trimming his Tesla holding by 10 %.

The newest sale takes Musk’s complete to about 15.6 million shares, or roughly $16.4 billion. He’d have to get rid of about 17 million shares to dump 10 % of his stake, assuming his pledge excludes exercisable choices.

Tesla shares have been down .21 % to $1,086 when the market closed Wednesday.The shares have gained 54 % this 12 months.

It’s unclear whether or not the ballot in November had any precise bearing on Musk’s plans. He mentioned months earlier that he was more likely to train an enormous block of inventory choices towards the tip of the 12 months, and he arrange a buying and selling plan to promote shares earlier than his tweet.

Musk has a internet value of $278.9 billion, up nearly 80 % this 12 months, in keeping with the Bloomberg Billionaires Index.