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Shares in the company, which lost some $187 billion in market
value over the past week, were down 2.7% at $1,005.42 in early
New York trading.
Musk got into a spat with Bernie Sanders on Sunday after the
U.S. senator demanded the wealthy pay their "fair share" of
taxes.
Meanwhile, "The Big Short" investor Michael Burry took aim at
Musk again, tweeting , "@elonmusk borrowed against 88.3 million
shares, sold all his mansions, moved to Texas, and is asking @BernieSanders
whether he should sell more stock. He doesn't need cash. He just
wants to sell $TSLA."
Tesla January and February 2022 calls at a strike price of $900
were among the top three heavily traded options contracts,
according to Refinitiv data on Friday, suggesting some traders
were assuming more short-term weakness in the stock.
Musk sold 6.36 million Tesla shares last week and now needs to
offload about 10 million more shares to fulfill his pledge to
sell 10% of his holdings in the electric-vehicle maker.
(Reporting by Sruthi Shankar in Bengaluru and Saikat Chatterjee
in London; Editing by Shounak Dasgupta)
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