APE drops to new low after AMC discloses deal to sell shares of up to $1.4 billion

Tesla Inc.
TSLA,
+7.80%

the stock was added to a rally on Monday as chief executive Elon Musk testified in a federal trial in San Francisco over his ‘funded’ tweets in 2018. The stock gained more than 6% in trading midday as Musk in court says he thought he had a deal with the Saudi investment fund that would be more than enough to take the electric vehicle maker private. Musk testified briefly on Friday, but the court adjourned. The trial is expected to take place in February.

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