Tesla just had its worst week in 20 months after Elon Musk sold $5.7 billion worth of shares

Posted on AllSides November 12th, 2021
From The Center
Mike Blake | Reuters

Shares of Tesla declined 15.4% for the week after CEO Elon Musk commenced with his plans to sell a huge block of his holdings this week.

It marks Tesla’s worst one-week performance in 20 months. It’s also the stock’s worst week ever excluding declines that occurred in February and March 2020 — as the coronavirus pandemic emerged in the U.S., roiling markets.

Tesla closed down 2.8% on Friday.

Musk — who still owns more than 167 million shares of Tesla, according to financial filings out Friday morning — sold stock worth around $5.7 billion this...

Read full story
Some content from this outlet may be limited or behind a paywall.


AllSides Media Bias Rating: Center
AllSides Media Bias Rating: Center
See full bias rating for CNBC
Learn about media bias

More News about Business from the Left, Center and Right

From the Left

From the Center

From the Right