Elon Musk sells over $1.1 billion of Tesla stock

Photo: Elon Musk. Photo credit: Tobias Schwarz / Pool / AFP via Getty Images. Article by Lora Kolodny. CNBC – November 10, 2021.

• The share sales were planned in September, well before he conducted a poll of Twitter followers asking if he should sell 10% of his stock.
• Tesla shares lost more than 15% of their value on Monday and Tuesday, after his poll but before his sales were publicized, but rebounded about 4% on Wednesday.

According to financial filings out Wednesday, CEO Elon Musk is selling a block of Tesla shares via a plan that he set in motion on September 14 this year. […]

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