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Benzinga
Benzinga
Business
Shanthi Rexaline

Elon Musk's Tesla Stock Sale May Be Scary But Is Overhang Finally Lifted? Analysts React

Elon Musk Twitter Inc. Gary Black Munster Nasdaq Tesla Inc. Daniel Ives Loup Funds TWTR

Elon Musk sold about $4 billion worth of Tesla Inc. (NASDAQ:TSLA) shares since Friday, and the news will likely weigh down on the beaten-down stock.

Advertisers’ Pause Catch Musk Unawares, Says Munster: The recent disposals represent about 3% of Musk’s holdings, Loup Funds’ Gene Munster said. “Looks like he’s preparing for Twitter to be a money hole for the next year,” Munster added.

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