Recession will finish round mid 2024. Then, Elon will dump once more. If the recession ends faster, he’ll dump sooner.
Each bubble ultimately bursts.
It isn’t 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 mentioned Thursday he doesn’t plan to promote any extra shares of Tesla for a minimum of 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 value tumbled.
Musk mentioned throughout a Twitter Areas audio name he’ll cease offloading Tesla inventory after promoting almost $40 billion price of it previously yr.
Tesla’s share value dropped almost 9% Thursday to shut at $125.35, as traders 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 web price, which is usually made up of Tesla shares, above $300 billion.
