Elon Musk's Tesla stock sales are throwing gas on a burning fire, and the EV maker's board may be forced to confront the Twitter sideshow, Wedbush says

Dec 15 2022 by Business Insider

 
Elon Musk in front of a Tesla

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Elon Musk's continued sales of Tesla shares as he focuses on his newly acquired Twitter is denting the EV maker's brand, Wedbush analyst Dan Ives said Thursday.  The Tesla CEO cashed in another $3.6 billion of Tesla stock this week. Growing investor frustration will eventually force Tesla's board to confront the situation, said Ives.

Elon Musk just sold more than $3 billion worth of Tesla shares in a move at least partially designed to free up capital to...

Continue Reading Elon Musk's Tesla stock sales are throwing gas on a burning fire, and the EV maker's board may be forced to confront the Twitter sideshow, Wedbush says