Elon Musk Sells at Least $3.58B Worth of Tesla Shares

bloomberg.com

19 points·mfiguiere··8 comments

Between this and him using Tesla engineers as free Twitter labor, I'm very glad not to be a shareholder right now.

Yes. Plus the fact that he's in the most public way possible repeatedly announced that he's firmly on the cultural-political side of the pickup-truck yokels who love to "roll coal" on any nearby Tesla, as if he'll get them to buy Teslas and not alienate the current customers [0]...

The question is also how long he'll keep up the selling to prop up Twitter

[0] https://www.aljazeera.com/economy/2022/8/1/musks-antics-turn...

The selling is probably more about dumping overvalued stock on bag holders than it is propping up Twitter.

I wonder about that, considering that he's selling at new lows, and Twitter is reportedly not paying it's rent and other real-time debts?

It's most probably for both of those reasons.

Although legally he will need to stop on Friday, for the time being.

you just reminded me to unload my shares!

elon's obvious downfall is very disappointing

I thought the current events would lead him to take Tesla private, so that move is surprising

Unless that move is to further drop the price of $TSLA so he can buy it all many months later for a discount and then make it private

Yeah i think i'm into something nasty ;)

https://archive.vn/tSwfg

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