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Tesla shares snap 11-week winning streak after Musk sells more stock

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By Subrat Patnaik and Medha Singh (Reuters) – Shares of Tesla Inc closed lower on Friday, snapping an 11-week winning streak after filings showed CEO Elon Musk sold another block of company stock worth about $700 million, taking advantage of a meteoric rally that vaulted the electric-car maker’s value to over $1 trillion. The second round of hefty stock sales this week came just days after the world’s richest person and Tesla’s top shareholder tweeted that he would sell 10% of his shares…

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