Vehicle maker’s shares touch two-year low in volatile trading
) shares touched a fresh two-year low in volatile trading on Friday as boss Elon Musk’s promise to not sell his shares for at least two years did little to reassure investors.
The stock was last up 2% on Friday, recovering from a fall of as much as 3.5% earlier in the session, its lowest since September 2020. “If this was another CEO of a Fortune 500 company making that statement, market would be confident that ‘he said it, so he’s not selling’,” said Dennis Dick, head trader and market structure analyst at Triple D Trading.
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