Tesla Inc TSLA shares are trading lower by 4.34% to $150.83 on continued downward momentum after CEO Elon Musk late Wednesday disclosed the sale of 22 million shares of stock.
What Happened?
Musk sold 22 million shares of Tesla, according to the filing. The latest sale means that Musk has now sold almost $40 billion worth of the automaker’s stock over the past year.
The sale was made between Monday and Wednesday, the filing showed and in multiple transactions in a price range of $167.550 to $168.540.
Following the sale, Musk now owns 423,622,432 shares worth $74.59 billion in the electric-vehicle manufacturer...Read More
According to data from Benzinga Pro, Tesla has a 52-week high of $402.67 and a 52-week low of $150.04.
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