How tweets by Tesla's Elon Musk have moved markets


FILE PHOTO: Tesla CEO Elon Musk gestures as he visits the construction site of Tesla's Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. Patrick Pleul/Pool via Reuters

(Reuters) - Shares of Tesla Inc fell on Monday as chief Elon Musk, known for his Twitter banter, proposed the sale of about a tenth of his holdings in the electric-car maker after conducting a poll on the social network.

The poll asking Musk's over 62.5 million followers if he should sell stock garnered more than 3.5 million votes, with 57.9% of the people voting "yes".

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

SiTime tech could go into billions of Renesas chips, SiTime CEO says
Exclusive-The sale of xAI comes with tax, financial and legal benefits for xAI and SpaceX investors
Roblox forecasts strong annual bookings as gaming platform momentum grows; shares jump
Reddit forecasts strong revenue as AI tools drive ad sales
Amazon sees 50% boost to capital spending this year, shares tumble
Anthropic releases AI upgrade as market punishes software stocks
Crypto exchange Gemini plans to lay off up to 200 staff, exit Europe and Australia
OpenAI unveils AI agent service as part of push to attract businesses
US software stocks slammed on mounting fears over AI disruption, lose $1 trillion in week
Spotify to let users buy physical books on app through Bookshop.org partnership

Others Also Read