text: Understand Che Di Original Cai Limei
[Understand Che Di Original Industry] Recently, Tesla CEO Musk said in the audio chat room of Twitter space that he will no longer sell Tesla shares in the next 18-24 months, and under any circumstances, he will not sell Tesla shares in 2023.
Tesla CEO Musk
However, this is not the first time that Musk has promised not to sell more Tesla shares this year. It is worth noting that since he reduced his holdings of Tesla shares in November last year, Musk has carried out five rounds of large-scale reductions, cashing out a total of approximately US$39.4 billion. A month ago, Musk also sold 19.5 million Tesla shares and cashed out US$3.95 billion.
In this regard, Musk explained to investors, " must sell Tesla shares recently to ensure that there are backup funds to deal with the worst case scenario." At the same time, Musk emphasized that "in the long run, Tesla will become the most valuable company in the world with . In fact, I am quite confident that this will be the case with ."
At the same time, Musk also expressed his views on the current macroeconomic situation, saying that he foresees that the economy will fall into a "severe recession" in 2023 and consumer demand will decrease.
Musk's focus will be on Tesla
In addition, when asked whether he would introduce venture capitalist David Sacks and others to run Twitter while Musk focused on Tesla, Musk avoided the question and said " Twitter is a relatively simple business ." In Musk's view, " (Twitter) may be 10% of Tesla's complexity ."
However, some investors have been worried that Musk's excessive focus on Twitter has removed him from the position of Tesla CEO. In this regard, Musk emphasized that he had not missed any important meeting at Tesla. The Tesla situation is much more complicated than Twitter. Compared with Twitter, his focus will be on Tesla first.
As of the close of U.S. stocks on December 22, local time, Tesla's share price fell nearly 9%
It is worth mentioning that after Musk made the above remarks, Tesla's share price rose slightly by 1.2% after the U.S. stock market closed.
According to the latest data, as of the close of U.S. stocks on December 22, local time, Tesla’s share price fell nearly 9% to close at $125.35. The intraday share price of $122.26 also hit a new low for the year. It is reported that Tesla’s share price has fallen by 64% since 2022. Overnight, Tesla's market value fell below US$400 billion to US$395.8 billion.
Tesla’s market value fell below US$400 billion to US$395.8 billion
Recently, Tesla has launched limited-time offers in many countries. Some insiders believe that Tesla is facing weak demand. However, according to Musk, the total demand for automobiles, especially the strong demand from the Chinese market, will drive a large-scale reduction in the cost of upstream battery raw materials. Therefore, as much investment in Tesla as possible will be made without "wasting". For example, Tesla is about to select a site for its next super factory and put into production a raw material factory.
Especially when it comes to building lithium refineries, Musk also said that "it takes seven years to build a lithium refinery. It is crazy. Our goal is that the Tesla lithium refinery can achieve considerable output within two years."
