Elon Musk will not sell Tesla stock for two years

CALLING ZEST

December 23, 2022

Author: Neeraj Kapoor

Image: Instagram

Image: Instagram

CEO of Tesla, has stated that he has no plans to sell any more of the company's stock for the next two years.

Image: Instagram

What Elon Musk Said

Musk's Prediction

He predicted a "serious recession" and a drop in demand for expensive goods in a Twitter Spaces audio chat on Thursday, citing economic data.

Image: Instagram

Reaction

A steep drop in Tesla shares on Thursday, sparked by concerns about falling demand for electric vehicles and Musk's diversionary behavior on social media and the stock market.

Image: Instagram

Recovery in Stock

After falling 8.9 percent during regular trading hours on Thursday, Tesla's stock rose 3 percent in after-hours trading to $129.23 (£107.22)

Image: Unsplash

Musk's Holding in Tesla

Musk disclosed the sale of an additional $3.6 billion in stock last week, bringing his total since late last year to near $40 billion.

Image: Unsplash

Sarcastic Answer

When asked if he would hire a Twitter manager so he could focus on Tesla, Musk sidestepped the question by claiming the microblogging service was "relatively simple.

Image: Instagram

Tesla  is More Complex than Twitter

"Musk has stated that Twitter is only 10% as complicated as Tesla.

Image: Instagram

Thanks for Reading! Our Next Story:

Rapper Big Scarr reportedly passes away in Memphis. Is he really Died?