Will the Tesla boss continue to sell shares in his own company on the open market?
(Photo: Reuters)
Dusseldorf The past week was expensive for Tesla shareholders: The share of the electric car maker lost 15 percent, the price fell from 1222 to 1033 dollars. It was the biggest weekly loss of the year. On Monday, the stock lost another 2.5 percent in early trading. Tesla boss Elon Musk is apparently partly responsible for the price decline. He sold 6.36 million Tesla shares valued at $ 6.9 billion last week, according to the US Securities and Exchange Commission.
These sales could go on. In a survey by Musks at the short message service Twitter, the majority of his followers voted for him to sell ten percent of his Tesla shares. According to calculations by the financial service Refinitiv, Musk would have to get around ten million papers to achieve this. There is no schedule for this.
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