Connect with us

Hi, what are you looking for?

Tech

Tesla Share Price Slides After Musk Promises to Sell $21 Billion Stake

Tesla Share Price Slides After Musk Promises to Sell  Billion Stake

Tesla Inc. shares fell in premarket trading after Twitter users directed Chief Executive Elon Musk to sell a 10th of his stock in an online poll.

The electric-vehicle maker’s stock lost 6.3% ahead of the bell Monday. “I was prepared to accept either outcome,” Mr. Musk said in a tweet Sunday after participants in the poll backed a sale by 58% to 42%. Neither Mr. Musk nor Tesla has said when a share sale would take place.

You May Also Like

World

France, which has opened its borders to Canadian tourists, is eager to see Canada reopen to the French. The Canadian border remains closed...

Health

Kashechewan First Nation in northern Ontario is experiencing a “deepening state of emergency” as a result of surging COVID-19 cases in the community...

World

The virus that causes COVID-19 could have started spreading in China as early as October 2019, two months before the first case was identified in the central city of Wuhan, a new study...

World

April Ross and Alix Klineman won the first Olympic gold medal for the United States in women’s beach volleyball since 2012 on Friday,...