Tesla (TSLA.O) shares edged higher on Thursday after filings revealed Chief Executive Officer Elon Musk had sold about $5 billion of the stock over the past few days, following his much-hyped Twitter poll, Trend reports citing Reuters.
The electric-car maker's shares pared earlier gains and were up 0.6% at $1,074.80, after tumbling earlier in the week.
The share sale was his first since 2016 and comes after his weekend poll of Twitter users about offloading 10% of his Tesla stake, which comprises most of his estimated $281 billion fortune.