Tesla dropped by almost 12% on Tuesday in the wake of Tesla’s CEO, Elon Musk, selling off his shares. Earlier in the week, Musk had posted a poll on Twitter with regards to selling off his shares. This comes as the stock options held on Tesla were due to expire soon.
- Should Musk continue his sell off, the key support level of $1000 will be tested.
- Any break below the key support level may bring on another large sell off with bears taking control.