The shares of the electric car maker Tesla witnessed a wave of sales, as the stock ended Monday's trading session, declining about 2% and reaching $1013.39, thus reducing the company's market value by about 207 billion dollars since Musk started selling stocks last week.
According to Arab Net, this decline comes as a reaction from investors to the company's CEO Elon Musk's recent sale of shares worth a total of $6.9 billion, as well as his latest tweets.< /p>
The stock's latest drop followed a Twitter dispute on Sunday between Musk, the world's richest person, and Bernie Sanders after the US senator demanded that the wealthy pay their fair share of Taxes.
During the session, Tesla's stock traded at an even lower level of $978.60, which pushed the company's market value to fall below the $1 trillion level during trading for the second time in four sessions.
Tesla's stock market value reached $1 trillion for the first time late last month.
