Elon Musk says he sold Tesla stock to free up cash in case a 'worst-case scenario' strikes. Here's what he's so worried about.

Dec 23 2022 by Business Insider

 
Elon Musk.

Reuters

Elon Musk sold Tesla stock this month to free up cash in case a "worst-case scenario" emerges. The Tesla CEO warned higher interest rates and a recession may hit Tesla's profits and stock price. Musk has personally borrowed against his Tesla shares, and loaded up Twitter with bank debt.

Elon Musk's reason for selling close to $4 billion of Tesla stock this month was to free up cash in case disaster strikes, he revealed in a Twitter Spaces conversation with Whole Mars Catalog...

Continue Reading Elon Musk says he sold Tesla stock to free up cash in case a 'worst-case scenario' strikes. Here's what he's so worried about.