Tesla Inc. ended its roller-coaster year with its first monthly decline since May as investors digest Chief Executive Officer Elon Musk’s massive share sale, a recall affecting hundreds of thousands of electric vehicles and a shortage of some key parts.
The stock’s 7.7% slide in December is hardly a disaster for Tesla, whose 50% annual gain makes it one of the handful of companies in the world with a market value above $1 trillion. The shares pulled back from November’s record high as Musk unloaded some of his stake, after conducting a Twitter poll on the idea and then saying he would sell 10% of his holdings.
