Big Law
Tesla Stock Falls as Elon Musk Vows to Sell About $21 Billion of His Tesla Stake
Tesla Inc. declined after Elon Musk’s Twitter followers voted in favor of selling 10% of his stake in a poll set up by the electric-car chief.
A majority of 3.5 million Twitter users — 58% — said they’d support such a sale in a Twitter poll that Musk ran during the weekend. The stake would be valued at about $21 billion based on 170.5 million Tesla shares he holds.
“I was prepared to accept either outcome,” Musk said in a tweet after the poll closed.
