(Corrects paragraph 3, to state stock fell 16.3% in the week so far, and not 8.)

(Reuters) – Tesla Inc (NASDAQ:) Inc shares edged upwards on Wednesday following a two day rout which saw Tesla’s market capitalization plummet to as low as $200 billion.

Elon Musk, chief executive of the company, asked Twitter followers over the weekend if they thought he should liquidate 10% of his company stake. Close to 58% of respondents supported the sale.

Tesla shares increased 1.7% to $1.041.25 in 0940 GMT, after falling 16.3% during the week.

To find out more about Musk’s share-sale intentions, investors will be closely watching Tesla filings at the U.S Securities and Exchange Commission. According to SEC rules, companies have four working days for major events reporting.

According to filings to market data, Musk’s brother Kimbal Musk and four other former board members filed to sell shares worth nearly $1Billion late last month.

A CEO asking followers whether they should sell large numbers of shares will never reflect well on the share price. Craig Erlam, Oanda market analyst, said: “Doing it a day after his brother sold large numbers just compounds investor concerns.”

Musk is a great example of a “dip buying opportunity” that investors should not overlook.

Even with the decline, stock remains up almost 45% year-to-date after hitting record highs during a dramatic rally that propelled the company to the billion-dollar club.

(This article corrects paragraph 3, to state that stock declined 16.3% in the week so far, and not 8.