HomeStock MarketTesla stock drops as Musk sells $3.95 billion in shares.

Tesla stock drops as Musk sells $3.95 billion in shares.

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  • Tesla’s shares dropped to its lowest point since November 23, 2020 after CEO Elon Musk said that he sold 19.5 million Tesla shares for $3.95 billion.
  • On Wednesday, shares of Tesla closed at $177.59, down 7.2%.
  • With this sale, Musk has now sold approximately $20 billion worth of Tesla stock since he revealed his ownership of Twitter in April.

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