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Tesla drops 12%, its worst decline in 14-months amid insider selling anxiety, weaker China sales, and Michael Burry warning

November 10, 2021
Source: msn.com msn.com
News Snapshot:
Tesla stock fell as much as 12% on Tuesday amid a flurry of headlines, including a warning from famed short-seller Michael Burry. AAPL STZ TSLA AMZN If Tuesday's decline is more than 10.3% when markets close at 4pm, it would represent the company's worst single-day decline since the stock fell 21% on September 8, 2020. The sell-off in Tesla stock began on Monday after CEO Elon Musk tweeted a poll over the weekend about whether he should sell 10% of his stake in the company, which is worth more than $20 billion. With the results favoring Musk selling part of...
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Tags: AAPL | Business | car | cash | CEO | China | data | electric vehicle | Elon Musk | EV | export | Exports | IT | loans | made in China | revenue | sales | shares | Short Sale | stock | tax | Tesla | Twitter

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