The Wall Street Journal: Elon Musk says he will pause selling Tesla stock

by | Dec 23, 2022 | Stock Market

Elon Musk pledged to pause selling shares in Tesla Inc.
TSLA,
-8.88%
and said that a decision on a buyback of the company’s stock could be influenced by the severity of any economic downturn as he tried to ease concerns his purchase of Twitter was to the detriment of the electric-vehicle maker. Musk, on a Twitter Spaces call Thursday, signaled he would not sell any Tesla stock for a minimum of 18 months to 24 months. The chief executive has liquidated more than $39 billion in the company’s shares since the stock peaked in November 2021.

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