Tesla shares fall after Twitter users vote for Musk to sell stock

Published by
Reuters

By Subrat Patnaik and Vidya Ranganathan (Reuters) -Tesla Inc shares fell 5.4% in premarket trading on Monday as investors prepared for its chief Elon Musk’s proposed sale of about a tenth of his holdings in the electric-car maker following his Twitter poll. Musk, the world’s richest person, tweeted on Saturday that he would offload 10% of his stock if users of the social media network approved the proposal. The Twitter poll asking Musk’s followers if he should sell stock garnered more than 3.5 million votes, and 57.9% of the people voted “Yes”. Musk had previously said he would have to exercis…

Read More