Recession will finish round mid 2024. Then, Elon will dump once more. If the recession ends faster, he’ll dump sooner.
Each bubble finally bursts.
It is not a matter of IF he’ll dump, it is a matter of WHEN.
https://www.forbes.com/websites/nicholasreimann/2022/12/22/musk-promises-not-to-sell-more-tesla-stock-but-hes-broken-vow-before/?sh=5da98b1a5266
Tesla CEO Elon Musk stated Thursday he doesn’t plan to promote any extra shares of Tesla for at the very least the subsequent two years, after the billionaire and nascent Twitter proprietor offloaded almost $3.6 billion price of inventory this week as Tesla’s share worth tumbled.
Musk stated throughout a Twitter Areas audio name he’ll cease offloading Tesla inventory after promoting almost $40 billion price of it up to now yr.
Tesla’s share worth dropped almost 9% Thursday to shut at $125.35, as buyers develop more and more involved about demand for the corporate’s electrical autos and leery of the huge period of time Musk is devoting to operating Twitter.
The drop put Tesla almost 70% of its all-time excessive in January, when the inventory at its peak traded above $400 and Tesla’s market capitalization swelled to $1.2 trillion—pushing Musk’s internet price, which is generally made up of Tesla shares, above $300 billion.
