News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

News

Tesla shares drop as Musk promises to sell stake

Tesla shares fell in premarket trading after Twitter users directed chief executive Elon Musk to sell a 10th of his stock in an online poll.

The electric-vehicle maker’s stock lost 5.6% ahead of the bell on 8 November. “I was prepared to accept either outcome,” Musk said in a tweet Sunday after participants in the poll backed a sale by 58% to 42%. Neither Musk nor Tesla has said when a share sale would take place.

WSJ Logo