Tesla Shares Skid Again as Investors Brace for Possible Musk Stock Sale

Tesla Shares Skid Again as Investors Brace for Possible Musk Stock Sale
A Tesla logo is seen at the Tesla Shanghai Gigafactory in Shanghai, China, on Jan. 7, 2019. Aly Song/Reuters
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Tesla Inc shares fell for a second straight day on Tuesday, as investors dumped the high-flying stock ahead of a possible stake sale by company chief Elon Musk.

The electric-car maker’s shares were recently down 11.6 percent at $1,026. They were on track to shed some $133 billion in market capitalization, far more than the total market value of Ford Motor, in addition to losing nearly $60 billion on Monday.