It appears that Tesla CEO Technoking Elon Musk recently determined yet again that he needed to sell a lot of Tesla shares (NASDAQ:TSLA) in order to have cash available for Twitter. Or perhaps he sold
Technoking Elon Musk recently determined yet again that he needed to sell a lot of Tesla shares in order to have cash available for Twitter. Or perhaps he sold for other reasons, but that was his rationale for the prior two periods of major TSLA sales.he indicated to a popular Tesla fan and shareholder on Twitter at the end of April that he thought he was probably done selling shares of Tesla in order to help fund Twitter.in which he vehemently talked up Tesla stock as having enormous potential.
Now, there’s nothing that says life can’t change! Also, I don’t personally care that Elon Musk just sold ~$3.6 billion of Tesla stock, leading to the stock declining significantly this week. However, a pattern has developed with Elon selling Tesla shares when previous statements indicated he probably wouldn’t be.
Elon once said that he would be “the last one to sell his Tesla stocks”. Eventually saying that he would sell his major stake in Tesla in about 20 years to finance SpaceX’s Mars plans.
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