Tesla logo and Elon Musk silhouette are seen in this illustration taken, December 19, 2022. REUTERS/Dado Ruvic/Illustration/File Phototouched a fresh two-year low in volatile trading on Friday as boss Elon Musk's promise to not sell his shares for at least two years did little to reassure investors.
That, along with concerns about his distraction with newly bought Twitter and a slowdown in China's economy, have set the electric-car maker's shares on course for their worst year since going public in 2010. "I won't sell stock until I don't know probably two years from now. Definitely not next year under any circumstances and probably not the year thereafter," Musk"If this was another CEO of a Fortune 500 company making that statement, market would be confident that 'he said it, so he's not selling'," said Dennis Dick, head trader and market structure analyst at Triple D Trading.
Are there really investors who believe lying musk?
Long
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk: Tesla stock may be a bargain, Fed has hiked rates too muchElon Musk touts beaten-down Tesla stock as a potential bargain - and blasts the Fed for going overboard with interest-rate hikes The fed is not the problem. Elmo trashed his brand. Also, there is this... Not only has he publicly trashed his reputation the public has finally realized his cars are trash Right...right. It's the Fed. Couldn't possible his unhinged Twitter rants while ignoring the company making self combusting cars that run over people on their own.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Elon Musk sold Tesla stock in case rate hikes, recession end in disasterElon Musk says he sold Tesla stock to free up cash in case a 'worst-case scenario' strikes. Here's what he's so worried about. Tsla $30? He sold Tesla because he believed it to be overpriced. Once upon a time a carmaker called Tesla……
Source: BusinessInsider - 🏆 729. / 51 Read more »