Elon Musk tells investors he'l-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Elon Musk tells investors he'll pause on Tesla stock sales

Elon Musk tells investors he'll pause on Tesla stock sales

Elon Musk says he won't sell any more shares in Tesla for 18 months or more, likely an attempt to comfort shareholders of the electric vehicle company who have watched the stock lose nearly half of its value since Musk's purchase of Twitter went through in October.

" I am not selling any stock for 18 to 24 months,” Musk said during an audio-only Twitter Spaces group conversation on Thursday.

Musk then said he wouldn't sell Tesla shares for two years, but backtracked and said he would pause sales for at least one year.

Musk dumped another US$2.58 billion worth of Tesla stock last week and has sold nearly US$23 billion worth of his car company's shares since April, when he started building a position in Twitter.

A significant portion of those proceeds have gone to help fund his US$44 billion acquisition of the social media company, which has been marked by chaos since Musk took over.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

hd87
2022-12-25
hd87
Thanks for sharing :)
Minnieee
2022-12-25
Minnieee
Ok
Tonnie
2022-12-25
Tonnie
Ok
虎威将
2022-12-25
虎威将
L
Wong Ying Ying
2022-12-25
Wong Ying Ying
ok
ChunHui
2022-12-25
ChunHui
ok

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