Elon Muskafter a long period of controversy related to its management in twitterannounced the suspension of the sale of shares Tesla at least two years. The relationship was revealed after the billionaire confirmed the sale of roughly $40 billion his stakes in a successful electric vehicle company. The data was transmitted during a conversation held on Twitter Space last Thursday (22). At the time of this article’s publication, the company’s stock is at its lowest market value in two years.

After the transmission with clarified information Tesla shares fell 3.5% at the start of trading last Friday (23). Despite his apparent conviction, the man previously confirmed that he would no longer be selling his stake, but reiterated the strategy after a short time, mainly with the completion of the acquisition of Twitter by the company $44 billion🇧🇷

Musk added: “in all this time, there was not a single important meeting with Tesla that I would have missed, so it’s not that I completely immersed myself in work.🇧🇷

Just this month, the segment giant lost $229 billion in market value. The amount is extremely relevant, as it is close to the market value Toyotarunner-up.

Elon Musk explained the reason for the recent sale of his Tesla shares

Back on Thursday, a space exploration enthusiast commented that the sale $40 billion It has recently been reported that we need to prepare for the so-called “worst-case” economic scenario. According to the businessman, the sales movement is a reflection of the current instability.

Tesla’s next steps in addition to rumors of a new plant in Mexico, is to provide an even greater variety of its products. Finally, buyers Tesla Semi receive their products, plans for the release of the first pickup truck are being studied.

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Elon Musk: Billionaire Sold 3.6 Billion Tesla Shares This Week
Financial movements were detected between Monday (12) and Wednesday (14)

Source: Globe

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