Musk’s Potential Tesla Stake Sale Follows Share Surge

Musk’s Potential Tesla Stake Sale Follows Share Surge
SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, Calif., on June 13, 2019. Mike Blake/Reuters
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NEW YORK—Should Elon Musk decide to unload some of his stake in Tesla Inc, he will be capitalizing on a massive rally that has made the electric-vehicle maker one of the world’s most valuable companies.

The Tesla chief asked his Twitter followers on Saturday if he should sell 10 percent of his Tesla stake. Nearly 58 percent said they would support such a sale, leading the stock to fall 4.9 percent when trading resumed on Monday.