The stock fell 27.6 percent, from its peak of 1243.49 on November 4, days after the sale of Elon Musk; The founder and president of the company, shares worth $906 million, bringing his total sales to $13 billion.

In addition, Elon Musk put; An end to speculation and controversy over his historic deal to sell part of his stake in Tesla, after announcing that he would pay more than $11 billion in taxes this year. In a message via the social networking site “Twitter”, Musk said; “To those amazed, I will pay more than $11 billion in taxes this year,” the largest single person pays in taxes in US history, according to “The German”.

Musk sold; The richest man in the world with a fortune estimated at $ 254 billion, a share of Tesla shares, and he has used stock options since the beginning of last November, when he sold the stock at its current market price and bought the stock for about $ 6.24 using stock options dating back to 2012. Musk has come under fire following reports that he did not pay his taxes in 2018. According to US tax rates, Musk will pay about 53 percent of his net worth in taxes.

Tesla’s stock lost all the gains it had made following the announcement of a deal to sell 100,000 cars to US car rental company Hertz Global Holdings last October, when the share price had risen by nearly 35 per cent.
And the Bloomberg News Agency indicated that the stock has lost this increase completely now, after falling on Monday by 4.2 percent to $ 893.39.