Elon Musk has stated that he will not sell any of his Tesla stock.Elon Musk has stated that he will not sell any of his Tesla stock.
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Elon Musk announced Thursday he won't sell Tesla stock for two years. He'll keep his shares.
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According to Twitter's CEO, the economy will be in a deep recession by 2023, and demand for big-ticket items would be reduced.
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Tesla stock rose somewhat to $129 in after-hours trading on Thursday, following a dramatic 9 % decline during regular trading hours.
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Elon Musk nearly lost $8 billion in a single day when Tesla shares collapsed.
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Tesla has announced a hiring freeze and plans to lay off more workers in the first quarter of 2023.
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2022 was the worst year for Elon musk in terms of his total assets as he shed over $120 billion.
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Musk sold shares worth $3.58 billion previously this month, triggering a panic among Tesla investors.
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