Tesla extends losses as shares fall again
11/15/2021- 8:33 a.m.
Tesla extends losses as shares fall again
Tesla shares slipped in premarket trading Monday, adding to a heavy week of losses after CEO Elon Musk offloaded a combined $6.9bn worth of shares in the EV maker.
Shares in the company – which lost some $187bn in market value over the past week – were down 2.7% in early New York trading.
Musk sold 6.36mn Tesla shares last week and now needs to offload about 10mn more shares to fulfill his pledge to sell 10% of his holdings.
