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Tesla Stock Price Slides After Musk Promises on Twitter to Sell $21 Billion Stake

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Tesla Stock Price Slides After Musk Promises on Twitter to Sell Billion Stake

Tesla Inc. shares fell in early 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% in brisk trading after the opening bell Monday. Earlier, Tesla shares had changed hands more than 700,000 times, according to FactSet, more than any other stock on the S&P 500. “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.

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