Tesla Heading Toward Record Drawdown as Musk Sells Stock: Chart

Tesla Inc. has fallen 16% in the early days of November, plumbing a 17-month low on Tuesday prior to news that Chief Executive Officer Elon Musk had sold at least $3.95 billion of the shares days after closing his buyout of Twitter Inc. The electric-vehicle maker is no stranger to massive drawdowns, a measure of peak to trough moves, having halved in value four times since 2015. The biggest such move was during the pandemic selloff of 2020 when Tesla fell 61% in the space of a month.

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Jan-Patrick Barnert in Frankfurt ...