Musk has sold about $ 14 billion in Tesla shares since early November. He began the sale after asking his Twitter followers if he should get rid of 10% of his shares, and almost 60% of the 67 million people voted for the sale. Sales taxes are estimated to be between $ 11 billion and $ 12 billion.
Tesla shares have dropped by about a quarter since Musk's tweet. If in October the market value of the company was estimated at a trillion dollars, today its valuation is just over 900 billion. Analysts at investment bank Guggenheim Partners warned investors on Monday that Tesla's share price could fall even lower as more competitors emerge in the electric and autonomous vehicle (AV) market.