Tesla slid over 2% in premarket trading as Musk sold $6.9 billion in stocks

Tiger Newspress2021-11-15

Tesla slid over 2% in premarket trading as Musk sold $6.9 billion in stocks.According to the SEC documents,Tesla CEO Musk sold 1.2 million Tesla Motors shares held by his trust fund on November 12, worth more than $1.2 billion.

According to media statistics, up to now, Musk has sold about 6.36 million Tesla Motors shares in the week since November 8, with a total value of nearly 6.9 billion US dollars (equivalent to about 44 billion yuan), and Tesla Motors's share price has also dropped by more than 15% in three days.

Just before selling Tesla Motors shares, on November 6, Musk was in Twitter To ask 62.7 million fans whether they should sell 10% of Tesla Motors shares (worth $21 billion). He also said that regardless of the outcome, he would "abide by the voting results". The final vote showed that about 58% of the participants supported the sale.

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