Musk purposely pushed down Tesla stock: 3rd largest individual investor

KoGuan Leo, an Indonesian billionaire and Tesla's third-largest individual shareholder, has accused Tesla CEO Elon Musk of deliberately pushing down the company's shares. He said Musk, who's sold nearly $40 billion worth of Tesla shares in 15 months, did so for tax benefits and potential new stock options. Tesla briefly traded at its lowest level since August 2020 on Friday.