Mr. Musk has since sold about 4.5 million shares through Wednesday, according to regulatory filings. To make good on his Twitter pledge, Mr. Musk likely would need to sell more than 12.5 million additional shares, valued at more than $13 billion at today’s close. Mr. Musk didn’t respond to a request for comment. Despite that decline, Tesla stock is trading near record highs, with the company valued at more than $1 trillion. Mr. Musk has long been reluctant to sell Tesla stock.

Source: Wall Street Journal November 12, 2021 22:50 UTC