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

By Kevin Colleran On Nov 8, 2021

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.

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