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HomeTrading NewsBig Short’s Michael Burry Thinks Elon Musk ‘Just Wants to Sell Tesla’

Big Short’s Michael Burry Thinks Elon Musk ‘Just Wants to Sell Tesla’

Reuters

Tesla’s market value falls below $1 trillion after Musk tweets

Tesla Inc’s stock extended its recent selloff on Monday, pushing the electric-car maker’s market value below $1 trillion as investors reacted to CEO Elon Musk’s recent share sales of a combined $6.9 billion. Tesla’s stock dropped 4.2% to about $989, leaving the company’s market capitalization down about $230 billion since before Musk began selling shares last week. The latest stock decline follows a Sunday dispute on Twitter between Musk, the world’s richest person, and Bernie Sanders after the U.S. senator demanded that the wealthy pay their “fair share” of taxes.

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