Elon Musk frantically selling Tesla stock

[FelineOverlord]

No one wants to buy his exploding cars anymore.

Elon Musk sells another huge chunk of Tesla shares

https://www.cnbc.com/2022/12/15/elon-musk-sells-another-huge-chunk-of-tesla-shares-.html

[Walleye]

1. Ha. Does he have a whole company and self driving mode

[Deuxcents]

2. Disaster is coming and for what?

[PortTack]

4. This!

[Iggo]

24. Because his ego couldn't pass up a dare.

By the time they goaded him into making an offer on Twitter, he had already lost. Shoulda paid the billion and walked away when he had the chance.

[TreasonousBastard]

3. How about Tesla sales?

[WarGamer]

22. All time high... will end up delivering 1.4M cars in 2022...

Cybertruck is released in 23 and the new $25k compact will be announced in 23.

It's a great brand... just wish they had a new CEO.

[Frasier Balzov]

5. TSLA ran up like a crypto token.

Who can blame him for wanting to take some those dwindling stock profits off the table?

He has other interests which require his attention. As Tesla stockholders have noticed!

[magicarpet]

6. Well that ain't going to help the share price at all.

Somebody bite off more than he could chew ?

~~~~~~~~

(begin snip)

Tesla investors tell Elon Musk to stop wasting time on Twitter as his erratic tweets prompt them to sell shares

Pete Syme Dec 8, 2022, 5:39 AM


Elon Musk composite with Twitter and Tesla logos
Elon Musk is the CEO of both Twitter and Tesla.

Elon Musk's tweets about politics and memes have dented some investors' confidence in him.
Tesla shareholders spoke to Bloomberg about their concerns that Musk has become too erratic.
But one said he's better off making mistakes at Twitter rather than Tesla.
Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox.

Elon Musk's controversial tweets about politics and memes have prompted some Tesla investors to sell their shares, Bloomberg reported.

The world's richest person – who briefly lost the title this week – often tweets late at night. At 2:30 a.m. PT on Wednesday, he shared a clip from the 1984 David Lynch film "Dune" in an apparent reference to his ownership of multiple companies.

He often uses Twitter to weigh in on politics, too, like calling The New York Times' union walkout "Woke v Woke" at 1:44 a.m. on Thursday.

And then there's the confusing memes, such as trolling with the "Pepe the Frog" character – a meme that has served as a symbol for the alt-right.
(end snip,... more at link below.)

https://www.businessinsider.com/elon-musk-tesla-investors-stop-wasting-time-on-twitter-2022-12#amp_tf=From%20%251%24s&aoh=16711552909465&csi=1&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Fwww.businessinsider.com%2Felon-musk-tesla-investors-stop-wasting-time-on-twitter-2022-12

[brush]

8. Yeah, that's what happens when large blocks of shares keep...

getting sold. He must need cash badly for something and is willing to stand the share price diminishing as sells.

Wonder what it is?

[central scrutinizer]

7. Throw in a TFG card with every share

[FelineOverlord]

9. What will happen to Tesla tomorow?

Link to tweet

[keithbvadu2]

10. That's just too rich... as Elon kicks them off Twitter.

He has not deleted this tweet yet?

[Kablooie]

11. I get the feeling that both Trump and Musk are over as of today.

I'm not too happy about Tesla because I have one and I really like it a lot, in spite of Musk.
I hope Tesla can break from him and become an independent company making amazing cars.

[blogslug]

12. He's sold almost $40 billion in stock this year

Does that mean he knows something bad is coming? Is he selling stocks based on inside information? There's a name for that I think

[Dark n Stormy Knight]

13. Yep. It's called "rich Republican mode."

Greedy, criminal creeps.

[WarGamer]

21. slight correction... it's $23B in 2022...

You're counting the large sales late in 2021.

According to financial research firm VerityData, Musk has sold 94,202,321 shares so far this year at an average price of $243.46 per share for pretax proceeds of approximately $22.93 billion.

[Martin68]

14. Musk is on the ropes. There is not enough Schadenfreude in the world to express my glee.

[smb]

15. He's Gonna Run Out Of Tesla Stock And Have To Start Selling NFT Trading Cards nt

[Warpy]

16. Actually, there are fires, not explosions. Exploding them requires help

either from drowning the batteries in salt water during a hurricane or by this:

This is my favorite channel for mayhem but they haven't posted much lately.

[AverageOldGuy]

17. I don't understand . . .

How much more can he sell?

Who is buying?

Where do they get the money?

When is Tesla bankrupt?

What happens after Tesla is bankrupt?

[WarGamer]

20. Musk still owns $66B of TSLA stock.

And he regularly gets MORE as part of his comp and benefits pkg.

[Joinfortmill]

18. Seems like this dude is losing his shit.

[Deuxcents]

25. I think you're right

[WarGamer]

19. Article was from yesterday... TSLA up 1.2% today as the market was waaay down.

[PoindexterOglethorpe]

26. Didn't he spend $44 b to take Tesla private?

So how can he possibly be selling the stock? What am I missing.

On Thanksgiving Day I rode with a friend in a Tesla about two hours to have T-Day with friends of ours. Good friends, good day. But I was less than impressed with the Tesla. It had various weird things. It didn't help that my friend, over age 60, had only finally learned to drive after his wife, the driver of the family, died three years ago. Her death was sad, and I helped him clear out stuff from their house, along with some other friends.

He needed to learn to drive just to get around. For several weeks, while he was gaining driving skills, I drove him, various places, such as to the grocery store. I'm honestly glad I could help him.

Many years ago I observed that if someone doesn't learn to drive by about age 21, they will never be a good driver. Heck, they won't even be a base-line adequate driver. Which is why I pushed my son, who'd had almost zero interest in learning to drive, to learn. He was 20 years old, living back at home after flunking out of college, now attending the local community college. I told him he needed to learn to drive, needed to acquire his own car, because I was not about to drive him to and from school indefinitely.

I helped him buy a car. He learned to drive. He then transitioned to a stick shift (hooray!) and turned out to be a very good and skilled driver.