Tesla Chief Executive Officer Elon Musk said on Thursday he will not sell any more Tesla stock for about two years.
Tesla Inc CEO Elon Musk walks next to a screen showing an image of Tesla Model 3 car during an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7, 2020. REUTERS/Aly SongChief Executive Officer Elon Musk said on Thursday he will not sell any more Tesla stock for about two years.
"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. "I needed to sell some stock to make sure, like, there's powder dry...to account for a worst case scenario," the billionaire said.On Thursday,, fueling investor concerns about softening demand as the economy slows.
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