Chief executive’s comments came amid concerns over softening demand for electric cars
Elon Musk says Tesla’s board is open to a share buyback but it will depend on the scale of a recession.Elon Musk says Tesla’s board is open to a share buyback but it will depend on the scale of a recession.The Tesla chief executive,While speaking in a
“I won’t sell stock until, I don’t know, probably two years from now. Definitely not next year under any circumstances and probably not the year thereafter,” Musk said. Musk has previously made promises about not selling Tesla stock before subsequently selling it. Last week, Musk disclosed, taking his total near $40bn since late last year and frustrating investors as the company’s shares wallow at more than two-year lows.
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