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Tesla’s stock sell-off gets stronger, on track to close at its lowest level in nearly 2 years


Shares of Tesla Inc. was poised to end at a nearly two-year low on Wednesday, following news that CEO Elon Musk sold about $3.95 billion in stock a week after closing a deal with Twitter Inc. .

Tesla shares
TSLA,
-5.87%

is on track to end at its lowest since Nov 23, 2020, when it closed at $173.95. On Monday, the stock closed below $200 for the first time since June 2021.

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