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 stated Thursday he doesn’t plan to promote any extra shares of Tesla for not less than the subsequent two years, after the billionaire and nascent Twitter proprietor offloaded practically $3.6 billion value of inventory this week as Tesla’s share worth tumbled.
Musk stated throughout a Twitter Areas audio name he’ll cease offloading Tesla inventory after promoting practically $40 billion value of it previously 12 months.
Tesla’s share worth dropped practically 9% Thursday to shut at $125.35, as traders develop more and more involved about demand for the corporate’s electrical automobiles and leery of the huge period of time Musk is devoting to working Twitter.
The drop put Tesla practically 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 internet value, which is usually made up of Tesla shares, above $300 billion.
