Tesla shares slip after heavy week of losses
Information about Tesla shares slip after heavy week of losses
(Reuters) – Tesla Inc’s shares slipped in premarket trading on Monday, adding to a heavy week of losses after CEO Elon Musk offloaded a combined $6.9 billion worth of shares in the electric-car maker.
Shares in the company, which lost some $187 billion in market value over the past week, were down 2.7% at $1,005.42 in early New York trading.
Musk got into a spat with Bernie Sanders on Sunday after the U.S. senator demanded the wealthy pay their “fair share” of taxes.
Meanwhile, “The Big Short” investor Michael Burry took aim at Musk again, tweeting , “@elonmusk borrowed against 88.3 million shares, sold all his mansions, moved to Texas, and is asking @BernieSanders whether he should sell more stock. He doesn’t need cash. He just wants to sell $TSLA.”