Tesla Shares Slip After Heavy Week of Losses

Tesla Shares Slip After Heavy Week of Losses
The logo of car manufacturer Tesla is seen at a dealership in London, Britain on May 14, 2021. Matthew Childs/Reuters
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Tesla Inc.’s shares slipped in premarket trading on Monday, adding to a heavy week of losses after CEO Elon Musk offloaded a combined $6.9 billion worth of shares in the electric-car maker.

Shares in the company, which lost some $187 billion in market value over the past week, were down 2.7 percent at $1,005.42 in early New York trading.