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,
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.