Tesla just had its worst week in 20 months after Elon Musk sold $5.7 billion worth of shares – Asia Newsday

SpaceX owner and Tesla CEO Elon Musk gestures during a conversation at the E3 gaming convention in Los Angeles, June 13, 2019. Mike Blake | Reuters Shares of Tesla declined 15.4% for the week after CEO Elon Musk commenced with his plans to sell a huge block of his holdings this week. It marks Tesla's worst one-week performance in 20 months. It's also the stock's worst week ever excluding declines that occurred in February and March 2020 — as the coronavirus pandemic emerged in the U.S., roiling markets. Tesla closed down 2.8% on Friday. Musk — who still owns more…