Tesla's stock selloff intensifies, on track for lowest close in nearly 2 years

Tesla Inc. shares were poised to end at their lowest in nearly two years on Wednesday, following news that Chief Executive Elon Musk sold about $3.95 billion worth of shares a week after closing his deal for Twitter Inc.

Tesla stock
TSLA,
-6.00%

was on track to end at its lowest since Nov. 23, 2020, when it closed at $173.95. On Monday, the stock closed under $200 for the first time since June 2021.

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