Musk won’t sell Tesla shares for two years
- December 23, 2022
- 0
Tesla CEO Elon Musk said that the company will not sell its shares for the next two years. This was reported by The Wall Street Journal, Ukrinform reports.
Tesla CEO Elon Musk said that the company will not sell its shares for the next two years.
This was reported by The Wall Street Journal, Ukrinform reports.
“I probably won’t be selling shares for two years (Tesla – ed.). “Certainly not next year, and probably not next year, under any circumstances,” Musk said.
It is reported that Tesla shares have already lost 60 percent this year. As recently as Thursday, December 22, the drop was 8.88% due to investor concerns about the company.
Musk also said that “Twitter needs as little as a month to get its crazy spending under control or Twitter will go bankrupt.”
He also stated that Tesla will continue its investments within its development plans.
As reported by Ukrinform, last week Tesla CEO Elon Musk sold about 22 million shares of its electric car manufacturing business worth about $3.6 billion.
Source: Ukrinform
I’m Maurice Knox, a professional news writer with a focus on science. I work for Div Bracket. My articles cover everything from the latest scientific breakthroughs to advances in technology and medicine. I have a passion for understanding the world around us and helping people stay informed about important developments in science and beyond.
