Elon Musk says we're 'overdue' for a recession, won't sell any more Tesla stock for 18-24 months: 'I need to sell some stock to make sure there was powder dry to account for a worst-case scenario'

Dec 23 2022 by Business Insider

 
Elon Musk in front of a Tesla

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Elon Musk said in a Twitter Spaces chat that he would not sell more Tesla stock for the next 18-24 months.  Musk told listeners on the chat that he needed "powder dry" to prepare for a potential recession.  Musk also attempted to quell investors' fears that he has become disengaged as Tesla's CEO since taking over Twitter. 

Elon Musk told Tesla investors he wouldn't sell additional shares of his EV company in the near future and that he only sold recently...

Continue Reading Elon Musk says we're 'overdue' for a recession, won't sell any more Tesla stock for 18-24 months: 'I need to sell some stock to make sure there was powder dry to account for a worst-case scenario'