 "Tesla")
Elon Musk’s latest sale of Tesla Inc. stocks, following repeated denials that he planned to offload more shares, is helping to wipe out the last vestiges of a rally in the electric carmaker over the past two years.
The stock closed down 7.2% at $177.59 in New York on Wednesday, dropping to its lowest since November 2020.
Tesla investors had remained suspicious that Musk would unload more shares in the carmaker, despite his denials. Those fears were confirmed Tuesday in a regulatory filing that disclosed the sale of shares worth $3.95 billion, bringing his total proceeds over the past year
