Elon Musk has sold over $40 billion worth of Tesla shares in the past year and doesn't plan additional sales for at least two years.
The Future Fund managing partner Gary Black and Barron's senior special writer Allen Root discuss how Elon Musk's Twitter turmoil is negatively impacting Tesla stock on 'The Claman Countdown.'Musk made the comment while speaking in a Twitter Spaces audio chat.saying he foresees a "serious recession" in 2023 and demand for big-ticket items will be lower.
His comments came after a Tesla stock sell-off deepened on Thursday over worries about softening demand for electric cars and Musk's distraction with Twitter and his stock sales."I won't sell stock until I don't know probably two years from now. Definitely not next year under any circumstances and probably not the year thereafter," Musk said.after Tesla started to offer deep, $7,500 discounts to U.S.
Last week, the Tesla chief executive sold 22 million shares worth $3.58 billion in the electric-vehicle maker, according to a regulatory filing.Musk has sold over $40 billion worth of shares in the past year, surrounded around his acquisition of Twitter. Elon Musk’s Twitter account is displayed on the screen of an iPhone in front of the homepage of the Twitter website.
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