Tesla shares continue to sell off after Musk’s tweets


Shares of electric car maker Tesla continued to sell off, on Monday, as investors reacted to CEO Elon Musk’s recent sale of $6.9 billion in shares, as well as his latest tweets.Tesla shares ended the trading session down about two percent to $1013.39, bringing the company’s market value down by about $207 billion since Musk began selling shares last week.

The stock’s latest drop followed a Twitter dispute on Sunday between Musk, the world’s richest person, and Bernie Sanders after the US senator demanded that the wealthy pay their “fair share” of taxes.

During today’s session, Tesla’s stock traded at a lower level of $978.60, which pushed the company’s market value to retreat from the $1 trillion level during trading for the second time in four sessions. The market value of Tesla shares hit a trillion dollars for the first time late last month.





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