This marked Tesla's worst one-week performance in 20 months, and the stock's worst week ever excluding declines that occurred in February and March 2020.
Prior to Friday's close, the company's worst weeks were in February and March 2020 as the coronavirus pandemic emerged in the U.S., roiling markets.SpaceX owner and Tesla CEO Elon Musk gestures during a conversation at the E3 gaming convention in Los Angeles, June 13, 2019.for the week as of Friday's close after CEO Elon Musk commenced with his plans to sell a huge block of his holdings this week.
It marks Tesla's worst one-week performance in 20 months, and the stock's worst week ever excluding declines that occurred in February and March 2020 as the coronavirus pandemic emerged in the U.S., roiling markets.Musk, who still owns more than 167 million shares of Tesla according to financial filings out Friday morning,Musk sold shares in part to satisfy tax obligations related to an exercise of stock options.
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