Bad stock price – Musk is selling $3.58 billion worth of Tesla stock


Tesla boss Elon Musk sold shares in the electric car manufacturer worth 3.58 billion dollars (converted almost 3.3 billion euros) on Wednesday. This is evident from a message on the American stock exchange.

With the latest sale, Musk sold nearly $40 billion in automaker stock last year. Tesla did not respond to an after-hours request from Reuters news agency.

Shares in Tesla, the world’s most valuable automaker, were among the worst-performing stocks among major automakers and technology companies this year. Investors fear Musk’s involvement with Tesla could suffer from the takeover of the short message service.

Tesla’s popularity is falling
According to a recent survey by British research firm YouGov, which surveys consumers about thousands of well-known brands, Tesla is no longer well received by the public. And his boss Musk also seems to be becoming increasingly unpopular. He was booed by tens of thousands on Sunday during a surprise appearance on a Dave Chappelle comedy show.

Source: Krone


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