To The Moon

$Tesla Motors(TSLA)$ 

What's there to say that Musk won't sell again other than his promise which he had already broken? I won't take his words at face value but that doesn't mean Tesla should be avoided. I think (personal opinion) we should not short or dump the shares just because it crashed afterMusk keeps selling.

Firstly, there is a limit to how many shares he can actually sell, so dumping of shares by Musk will not go on indefinitely even if he says he'll keep on selling them. 

Secondly, the EV technology will be the future of the automobile industry, so it's here to stay for long. It can be seen by the likes of traditional car makers moving into the EV sector, or they will be slowly phased out as time passes. 

So instead of selling or shorting them, I believe in buying Tesla in tranches when it drops and holding them for long. Due to inflation and rising interest rates, the market sentiments had been weak for quite some time and share prices across the board have been dropping let alone Tesla. Recently, Musk had also been kind of erratic, so no one can say for sure if he'll continue selling or even start buying back.

Even though I think the share price will eventually go up again, the shorter term outlook will be as equally erratic as Musk himself. Unpredictable.