Tesla Inc dropped after Elon Musk’s Twitter followers voted in support of the selling of 10% of his stake, according to a report by Bloomberg on Monday.

Elon Musk’s Twitter

 A larger percentage of 3.5 million Twitter users, 58%, stated they favored a sale in a Twitter poll that Musk set up over the weekend.

  • The equity stake would be valued at nearly $21 billion on the basis of 170.5 million Tesla shares owned by Musk.
  • After the closure of the poll, Musk stated that he was prepared to accept either outcome.
  • Tesla dropped nearly 7.2% in pre-market trading compared with Friday’s close of $1,222 in New York, tracking an earlier signal from Germany’s Tradegate.

The crowd-sourcing practice is the recent example of Musk’s long-standing history of using Twitter and his fans on the platform to generate interest in his company. TSLA down -5.65%, Pre-market trading