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Big Short’s Michael Burry Thinks Elon Musk ‘Just Wants to Sell Tesla’

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Reuters

Tesla’s shares extend selloff after Musk tweets

Tesla Inc’s stock extended its recent selloff on Monday as investors reacted to CEO Elon Musk’s recent share sales of a combined $6.9 billion, as well as to his most recent tweets. Tesla’s stock ended nearly 2% lower at $1,013.39, leaving the company’s market capitalization down about $207 billion since before Musk began selling shares last week. The latest stock decline follows a Sunday dispute on Twitter between Musk, the world’s richest person, and Bernie Sanders after the U.S. senator demanded that the wealthy pay their “fair share” of taxes.

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