from Hacker News

Musk asks Twitter followers whether he should sell 10% of Tesla stock

by mikesabbagh on 11/7/21, 1:25 PM with 1 comments

  • by mojomark on 11/7/21, 3:07 PM

    I'd imagine that if Musk tried to quietly sell off 10% of his shares, that'd probably trigger a massive sell-off due to shareholder fears that something was awry within Tesla. So, vetting the idea in public ahead of time is a good way to assure people that nothing's wong - a major shareholder just wants to liquidate some assets.