Elon Musk has always proved that he never breaks his promises. The entrepreneur launched a poll on Twitter asking his audience whether he should sell his Tesla shares. After receiving the result, he sold approximately 8.2 million shares estimated at $8.8 billion, which is half of his stock. The sell-off began after Musk received the result of the poll on Twitter. It indicated that the majority of participants voted for selling 10% of his Tesla stock. Notably, the market reacted with a decline in shares by $200 in two trading sessions. The company’s market cap plummeted below $1 trillion. Moreover, Musk has to sell 17 million, or 1.7%, of his company’s shares to fulfill his promise, which is a very impressive volume. Since the beginning of the year, the electric car maker’s stock has increased by 44.5% and by 82.85% for the previous six months. Tesla shares declined right after Musk started to sell his stock. However, the stock has resumed its uptrend recently. Experts showed mixed forecasts. The majority of them recommend buying the shares, others say it is better to hold shares, and the latter advise investors to sell them. Wedbush analysts see a large potential in Tesla shares considering their growth by another 69% to $1,800 per share.
