The announcement is likely an attempt to comfort the company's shareholders who have watched the stock value drop since Musk's purchase of Twitter.
CEO Elon Musk says he won’t sell any more shares in Tesla for 18 months or more, likely an attempt to comfort shareholders of the electric vehicle company who have watched the stock lose nearly half of its value since Musk’s purchase of Twitter went through in October.
In less than two months, Musk has presided over a dizzying series of changes that have unnerved advertisers and turned off users. He’s laid off half of the workforce, axed contract content moderators and disbanded a council of trust and safety advisors. He has dropped enforcement of COVID-19 misinformation rules and called for criminal charges against Dr. Anthony Fauci, the top U.S. infectious disease expert.
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