SAN FRANCISCO: Tesla Inc shares posted their worst daily fall in 14 months on Tuesday as investors dumped the high-flying stock ahead of a possible stake sale by company chief Elon Musk.
Nearly $200 billion in market capitalization was wiped off from Tesla as Musk's potential sales of his $17 billion stake triggered concerns about the stock's valuation following a flurry of stock sales by some board members.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
