The Twitter CEO has already announced in the past that he no longer wants to sell Tesla shares – but then did so.
(Photo: Reuters)
san francisco Tesla boss Elon Musk does not want to sell any more shares in the electric car manufacturer for the next two years. In an audio chat on Twitter Space, Musk said he expected the economy to slide into a “serious recession” next year and demand for cars to be low. Musk had repeatedly announced in the past that he would not sell any more Tesla shares, but then he did.
Twitter new owner and Tesla CEO Musk sold shares in the electric car maker worth over $3.5 billion last week. With the latest sale, Musk sold shares in the electric car manufacturer he founded with a total value of almost $ 40 billion last year.
Shares in Tesla, the world’s most valuable automaker, have been among the worst-performing stocks among major automakers and tech companies this year. Investors fear that Musk’s involvement with Tesla could suffer from the takeover of the short message service.
More: Federal Ministry of Economics accuses Twitter of arbitrariness and calls for stricter EU regulation
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