Tesla stock hits 2-year low after Musk sells $4 bln worth of shares

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Tesla Inc shares slid to their lowest level in nearly two years on Wednesday after Chief Executive Elon Musk sold $3.95 billion worth of shares in the electric-vehicle maker.

Tesla shares have fallen more than 50% since touching a record high on Nov. 4 of last year. Four days after that, Musk started unloading his shares.

Musk, said Ives, needs to end "Twitter overhang on the Tesla story with his focus back on the golden child Tesla which needs his time more than ever given the soft macro, production/delivery issues in China, and EV competition increasing from all corners of the globe."

 

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❤️‍🩹

Like dodge coin? And nobody learned !

He will probably invest in crypto, sell that off when it peaks again, then buyback the Tesla stock with plenty leftover....

Elon is like that ball player who reads the clippings and thinks he’s better than he really is.

I wonder how it feels to be elonmusk? He was once celebrated as a genius, and now he’s pretty much regarded as a joke. Should have stuck with the traditional vanity projects, like big buildings, libraries, music venues, etc.

Next? A $100,000 base model Tesla…. This was a so-so story, while he stayed quiet…. But….

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