Tesla shares slump 7% on Musk plan to sell 10% stake

Tesla shares slumped 7% successful aboriginal premarket enactment aft CEO Elon Musk indicated helium would merchantability a 10% involvement successful the luxury automaker. Musk said the involvement merchantability was conditional connected the effect of a canvass connected Twitter, wherever 58% voted for him to sell. Musk didn't specify a timeframe for making the banal sale. Tesla shares person climbed 73% this year, and tripled from Nov. 10, 2020. It's the fifth-largest value successful the S&P 500 .

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