Tesla, Musk loses 7.8% on Wall Street after the “referendum” on Twitter on the sale of 10% of its shares
Sliding for Tesla in the pre-market prices of Wall Street. After the followers of Elon Musk on Twitter (more than 3.5 million respondents) expressed a majority (57.9% against 42.1) on the sale of 10% of the Tesla shares of the South African tycoon, Wall Street proved to be “cold”, with the automotive giant recording a loss of -7.82% in pre-market.
Musk, after the decision of the “referendum” on Twitter, it should sell a stake that represents, approximately, less than 2% of Tesla and is valued at over $ 21 billion. Musk, whose personal wealth is estimated at 338 billion, has 170.5 million shares Tesla, which closed on Friday at New York Stock Exchange at $ 1,222 / share.
However, it reads on the Wall Street Journal, the pre-market loss reduced earnings by Tesla planned for the year. The stock had risen by almost 75% until Friday, giving the “pass” to the House for the very restricted and super exclusive “club” of company with a market value of 1 trillion or more, making “Mr. Musk ”the richest person in the world. But now, in fact, there has been a contraction of the upside.
But what is behind the considerable increase in the price on the Tesla Stock Exchange? In addition to a strong collective trade craze, there is certainly its ability to address disruptions in the global supply chain: the chip crisis which is bringing markets around the world to their knees, in fact, will cost only automotive sector over $ 200 billion this year between missed and late deliveries.
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