Elon Musk says he won't sell any more shares in Tesla for 18 months or more, likely an attempt to comfort shareholders of the electric vehicle company who have watched the stock lose nearly half of its value since Musk's purchase of Twitter went through in October.
Musk dumped another US$2.58 billion worth of Tesla stock last week and has sold nearly US$23 billion worth of his car company's shares since April, when he started building a position in Twitter. Tesla investors have grown weary of the Twitter chaos that they say has distracted the eccentric CEO from the electric car company, his main source of wealth.
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Source: ChannelNewsAsia - 🏆 6. / 66 Read more »