Recession will end around mid 2024. Then, Elon will dump again. If the recession ends quicker, he will dump sooner.
Every bubble eventually bursts.
It’s not a matter of IF he will dump, it’s a matter of WHEN.
https://www.forbes.com/sites/nicholasreimann/2022/12/22/musk-promises-not-to-sell-more-tesla-stock-but-hes-broken-vow-before/?sh=5da98b1a5266
Tesla CEO Elon Musk said Thursday he does not plan to sell any more shares of Tesla for at least the next two years, after the billionaire and nascent Twitter owner offloaded nearly $3.6 billion worth of stock this week as Tesla’s share price tumbled.
Musk said during a Twitter Spaces audio call he will stop offloading Tesla stock after selling nearly $40 billion worth of it in the past year.
Tesla’s share price dropped nearly 9% Thursday to close at $125.35, as investors grow increasingly concerned about demand for the company’s electric vehicles and leery of the massive amount of time Musk is devoting to running Twitter.
The drop put Tesla nearly 70% of its all-time high in January, when the stock at its peak traded above $400 and Tesla’s market capitalization swelled to $1.2 trillion—pushing Musk’s net worth, which is mostly made up of Tesla shares, above $300 billion.
