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Tesla shares inch higher after Monday’s sell-off

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Reuters

(Reuters) – Shares of Tesla Inc inched higher in premarket trading on Tuesday, stabilizing after speculation of a potential stake sale by chief Elon Musk spurred a near 5% drop in the previous session. Tesla’s shares were up 1.7% at $1183.2 by 0917 GMT. Monday’s sell-off wiped out around $60 billion off the electric carmaker’s market value after Musk asked his Twitter followers if he should sell stake worth about $21 billion in the company. Nearly 58% said they would support such a sale. While Musk’s tweets raised questions about violation of his settlement with the U.S. securities regulator, …

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