Elon Musk sells further £500m in Tesla shares days after selling £3.7bn

Tesla chief executive Elon Musk has sold a further £500 million of his shares in the company days after selling £3.7bn.

Last week, Mr Musk after his 63 million Twitter followers whether he should sell 10% of his stake in Tesla.

The world's most valuable carmaker's shares fell by around 16% in the two days after the poll proved in favour of him selling.

It comes as US Democrats proposed a so-called "billionaires tax" which could see the richest citizens taxed on "unrealised gains" even if they do not sell any of their stock.

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