$187 bn wiped off Tesla's market cap as Musk sells shares worth $7 bn

$187 bn wiped off Tesla's market cap as Musk sells shares worth $7 bn

• By Staff Writer

Tesla has lost nearly $187 billion from its market value this week, more than the combined market capitalizations of Ford Motor and General Motors. The development comes after Tesla shares fell 15.4% in a week as CEO Elon Musk offloaded a combined $6.9 billion worth of shares in the company. Tesla is still the most valuable automaker in the world.