Sharjah24 – Reuters: Tesla Inc's Frankfurt-listed shares fell about 9% in early trading on Monday as investors prepared for Chief Executive Officer Elon Musk's proposed sale of about a tenth of his holdings in the electric-car maker following his Twitter poll.
Musk, the world's richest person, tweeted on Saturday that he would offload 10% of his stock if users of the social media network approved the proposal.
The Twitter poll asking Musk's followers if he should sell stock garnered more than 3.5 million votes, and 57.9% of people voted "Yes".
Tesla's shares listed in Frankfurt were down 7.9% at 980 euros at 0731 GMT. Its U.S.-listed shares are up 73.2% so far this year, compared with a 23.9% increase in the Nasdaq Composite index.
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