Musk Repeats Vow to Not Sell More Tesla Stock Amid 2022 Rout (1)

Elon Musk said again that he’ll stop selling Tesla Inc. shares, after disposing almost $40 billion of his holdings contributed to the stock plummeting to a two-year low.

“I won’t sell stock until — I don’t know — probably two years from now, definitely not next year under any circumstances, and probably not the year thereafter,” Musk said during a live-audio Twitter Spaces conversation late Thursday. Tesla shares fell as much as 3.5% shortly after the start of regular trading Friday.

Musk made similar proclamations in April and August, only to then keep selling more shares to help fund ...