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Tesla Slumps as Twitter Users Back Musk Selling 10% of Stake

  • Majority of Twitter poll respondents support theoretical sale
  • Musk cites discussions on ultra-rich avoiding paying taxes
Bloomberg business news
Tesla Falls as Twitter Poll Backs Musk Selling 10% StakeSource: Bloomberg
Updated on

Tesla Inc. tumbled the most in eight months after Elon Musk’s Twitter followers voted in favor of selling 10% of his stake in a poll set up by the electric-car chief.

A majority of 3.5 million Twitter users -- 58% -- said they’d support such a sale in a Twitter poll that Musk ran during the weekend. The stake would be valued at about $21 billion based on 170.5 million Tesla shares he holds.