In April Musk said he had no further Tesla sales 'planned.'
, plus there’s no word of any pending settlement. Musk now says he has a reason to prepare for “the event that Twitter forces this deal to close *and* some equity partners don’t come through.” If that happens, Musk said, he’s trying to avoid an emergency sale of Tesla stock.
Exactly how investors will react to word that Musk is done selling is unknown; however, the price of Tesla shares stayed flat at around $850 in after-hours trading. Wedbush analyst Dan Ives, “Musk selling TSLA stock after he said no more sales will lead the Street to focus on chances of Twitter deal happening and Musk preparing cash portion ... This stock sale will raise a lot of conversation on Street for bulls/bears in the morning.
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