Musk vows to stop selling Tesla shares?
[LOL] [Facepalm] [LOL] [Facepalm]
After so many rounds of being played by thewords of Elon musk and his frequent about turns that rivals roti prata makers, it comes as surprising that people still believes in whathe says at face value.
I dunno, maybe he suddenly turn over a new leaf and stand by his words? Maybe he is worried that if he dun say something fast, Tesla share value will drop so much until he face margin call due to his purchase of Twitter?
It's a very vicious cycle that Elon musk needs to Break urgently. Great part of his wealth is tied to his stake in Tesla. if Tesla value keeps plunging, he will get margin call and have to sell even more Tesla shares. and the cycle Will go on and on with no end in sight.
Twitter won't go profitable anytime soon. Tesla is facing multiple headwinds in the form of increased completition, recessionary worried which reduces demand and a ceo who isbusy with his mistress.
I did mention previously at start of the year that one of the biggest issue with Tesla is the ireeplaceable link with Elon musk. Eventually companies have to form teams and find successors. From the actions of active investors, it can be seen that they had enough of the Elon musk's brand and they rather Tesla function normally with a proper ceo if Elon musk cannot focus on Tesla.
It may seem weird, but it's actually healthier for Tesla in the long run. As this company structure is significantly more stable than the current model. I.e. Tim Cook for Tesla.
In summary, doubt Elon musk can get out ofTwitter anytime soon. He will likely have to sell more Tesla shares as long as Twitter drama is not over. Meanwhile, i would like to See Tesla form a new leadership structure withelon musk as advisor instead. [Victory]
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