Tesla’s Stock Takes a 15% Tumble Following Elon Musk’s Tax Sell-Off

Tesla 15.4 percent decline after Elon Musk $5.7 billion usd share sale news business finance doctor Manhattan

Elon’s wide Tesla stock promote-off has upright resulted in regarded as one of the main finest drops for the firm in nearly two years.

Musk, who reportedly wanted the liquidity for taxes, sold roughly 10% of his stake for $5.7 billion USD — inflicting Tesla to eliminate a 15.4% tumble. Within the stock’s 5-day performance, it has fallen 10%, but in spite of this promote-off, the stock is aloof up 42% YTD.

In his most modern tweet, Musk uploaded a image of Physician Prolonged island sitting on Mars. This would possibly possibly possibly possibly, no longer ultimate be referencing Physician Prolonged island’s take care of for the Crimson Planet, but also a runt about how he’s currently feeling relating to his sentiments against Earth, the of us, and being caught within the tangle of their lives.


— Elon Musk (@elonmusk) November 13, 2021

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