Musk sold 5.3 million shares of Tesla stock for an average price of $905.30, according to filings he made with the Securities and Exchange Commission Thursday. The sales represent only 3.1% of the Tesla shares he held outright at the start of the day Tuesday, and just less than 2% of his total holdings of Tesla if stock options he controls are included.
The stock's decline prompted a selling spree by other investors, as 45 million shares traded hands, about twice the volume of trades the day before. Read MoreTesla investors could also have sold shares this week out of concern that Musk would not be able to give as much time and attention to Tesla, which has very ambitious growth plans, and growing competition from traditional automakers who are spending billions on their own electric vehicle offerings.
The Democratic leadership are absurdly dangerous to free speech.... Tucker: This the point where we have to draw the line via YouTube
i felt so poor😭😭
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O my God
No wonder the stock price dropped a lot of Tuesday.
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Greeny elonmusk
How is the understanding stealing business going for you this days. Klotzak.
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