An image of Elon Musk is seen on a smartphone placed on printed Twitter logos. The billionaire took Twitter private in a US$44 billion deal in October. Photo: Reuters
An image of Elon Musk is seen on a smartphone placed on printed Twitter logos. The billionaire took Twitter private in a US$44 billion deal in October. Photo: Reuters
Millionaires and billionaires
Business /  Companies

Tesla CEO Elon Musk says he will not sell any more of the electric carmaker’s stock for about 2 years

  • A ‘serious recession’ in 2023 will reduce demand for big-ticket items, Musk said in a Twitter Spaces audio chat
  • Tesla’s massive US$7,500 discounts to US consumers pulls shares 9 per cent lower, fuelling concerns of a softening economy

Reuters
Reuters

Updated: 11:12am, 23 Dec, 2022

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An image of Elon Musk is seen on a smartphone placed on printed Twitter logos. The billionaire took Twitter private in a US$44 billion deal in October. Photo: Reuters
An image of Elon Musk is seen on a smartphone placed on printed Twitter logos. The billionaire took Twitter private in a US$44 billion deal in October. Photo: Reuters
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