ELON MUSK SELLS $5 BILLION OF TESLA SHARES

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Tesla chief executive Elon Musk has sold around 5 billion dollars of shares in the electric carmaker.

It comes days after he asked his 63 million Twitter followers whether he should sell 10% of his stake in Tesla.

The company’s shares fell by around 16% in the two days after the poll came out in favour of him selling shares, before regaining some ground on Wednesday.

Tesla is the world’s most valuable carmaker, with a stock market valuation of more than 1 trillion.