Musk says he’s done selling Tesla stock for now ...News

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The chief executive has unloaded nearly $40 billion of the company’s shares since late last year Tesla CEO Elon Musk said on Thursday he will not sell any more of the company’s stock for about two years, noting that a decision on a buyback could be influenced by the severity of any economic downturn. Speaking in a Twitter Spaces audio chat, Musk warned that the economy will be in a “serious recession” in 2023, and demand for big-ticket items will be lower. His comments followed a Tesla stock sell-off this week, amid investor worries over falling demand for the company’s cars and Musk being distracted by his new ro

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