Why Elon Musk sold $5bn Tesla shares, causing record plunge
Published on Nov 11, 2021 08:28 pm IST
Tesla CEO Elon Musk sold over 4.5 million shares of electric carmaker company. Musk sold around $5 billion of Tesla shares this week, as per reports. This came after the SpaceX founder held a Twitter poll asking whether he should sell 10% Tesla stock. Over 57% of people on Twitter voted in favor of selling stock. The company shares fell by around 16% in two days after the poll came out in favor of selling stocks. The shares later regained ground on Wednesday. Watch the full video for more details.
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