Musk has offloaded shares worth US$40 billion in the world's most valuable carmaker since late last year, with US$15 billion of that coming after he made similar promises not to sell in April.
The stock was last up 2 per cent on Friday, recovering from a fall of as much as 3.5 per cent earlier in the session, its lowest since September 2020. "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.
There shouldn't be any investors left! Once Musk started selling they should have done the same!
Fact Check: This article is misinformation as Elon Musk statement did soothe me as an investor.
Once the trend reverses I'm buying every penny I can afford in Tesla stock.
Because they've learned that he regularly lies about stuff like that.
Wrong. You’re just parroting every other news agency. You aren’t even reporting the news.
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