Tesla's Stock Takes a 15% Tumble Following Elon Musk's Tax Sell-Off

Tesla is still up 42% YTD.

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Elon’s big Tesla stock sell-off has just led to one of the biggest drops for the company in almost two years.

Musk, who reportedly needed the liquidity for taxes, sold roughly 10% of his stake for $5.7 billion USD — causing Tesla to take a 15.4% tumble. In the stock’s five-day performance, it has fallen 10%, but despite this sell-off, the stock is still up 42% YTD.

In his most recent tweet, Musk uploaded a picture of Doctor Manhattan sitting on Mars. This could, not only be referencing Doctor Manhattan’s love for the Red Planet, but also a bit about how he’s currently feeling regarding his sentiments towards Earth, the people, and being caught in the tangle of their lives.

In other tech news, Universal Music Group creates Bored Ape Yacht Club band called KINGSHIP.

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