Elon Musk just offloaded another $1.05 billion worth of Tesla shares

[ajacobson]

https://www.businessinsider.com/mus...T - ENGAGED, ACTIVE, PASSIVE, DISENGAGED, NEW

 

[maxinger]

... and the price did not collapse.

 

[VicBee]

... and the price did not collapse.

Why would it?

 

[LuckyMac]

Seen that, he's liquidated a far amount recently. It's still small compared to the worth of the company i suppose hence why price didnt plummet

 

[newwurldmn]

I bet that’s why it sold off on Tuesday.

 

[Fain]

they found a buyer to match against the sell. He didn't just send a market order lol.

 

[newwurldmn]

they found a buyer to match against the sell. He didn't just send a market order lol.

either way supply goes up and the price will go down. No one buys 1 billion of stock at the nbbo.

 

[qlai]

either way supply goes up and the price will go down. No one buys 1 billion of stock at the nbbo.

And it’s not only Musk, there got to be long holders for whom trimming positions is just a prudent thing to do no matter the long-term fundamental view.

 

[Overnight]

Maybe he wants to use some of that cash on his next wacky and zany ideas, such as "Not a Boring Company" and "Not a Space Rocket".

 

[GotherL]

... and the price did not collapse.

I can see mid 900's, possibly lower but it will take a while. Not even gonna bother with puts.