Elon Musk says he will not sell more Tesla stock for another two years By Reuters


© Reuters. FILE PHOTO: Tesla Inc CEO Elon Musk walks next to a screen showing an image of Tesla Model 3 car during an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7, 2020. REUTERS/Aly Song

(Reuters) – Tesla (NASDAQ:) CEO Elon Musk said on Thursday he will not sell more Tesla stock for another two years.

While speaking in a Twitter Spaces audio chat, Musk said he foresees the economy will be in a “serious recession” in 2023 and demand for vehicles will be lower.

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