Delisting means its no longer being traded on a major stock exchange but u r still the owner of the shares. The issue is that delisting often results in a significant devaluation of the stock price. Some stock exchanges provide OTC (over the counter) facilities to shareholders of delisted stock like NYSE but not SGX. So buyer beware... 🙈
Li Auto shares fell more than 14% in Hong Kong and XPeng fell nearly 9%.
Tesla is resilient. Will bounce right back coz sales not based on anything negative. So well publicised why he is selling. Hoping he sells more... so price will drop further.
Musk exercised 2.1 million Tesla options on November 15 at a price of $6.24, according to the SEC files.