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Reading: Tesla Share Price Stabilizes Premarket After Steep Selloff
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The Wall Street Publication > Blog > Markets > Tesla Share Price Stabilizes Premarket After Steep Selloff
Markets

Tesla Share Price Stabilizes Premarket After Steep Selloff

Editorial Board Published November 10, 2021
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Tesla Share Price Stabilizes Premarket After Steep Selloff
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Tesla Inc.’s stock price edged higher in premarket trading, a sign that the electric-vehicle maker’s shares might stabilize after falling for three consecutive days.

Over the weekend, Chief Executive Elon Musk agreed to abide by a Twitter poll that called for him to sell 10% of his stake in the company. Shares have fallen more than 16% since that tweet, with 12% of that decline coming in Tuesday’s trading session—its biggest one-day drop since Sept. 8, 2020.

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