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Musk May Keep Selling Tesla, With or Without Twitter: MLIV Pulse

Aug. 1, 2022, 11:12 AM

Investors expect Elon Musk to sell more shares of his electric carmaker Tesla Inc. by the end of 2022, according to the latest MLIV Pulse survey.

About 75% of 1,562 respondents, who include portfolio managers and retail traders, say Musk won’t end up owning Twitter Inc. -- a deal that led him to offload about $8.5 billion of Tesla shares in April. A third of respondents predict he will settle with the social-media company for more than $1 billion rather than seeing through his $44 billion takeover at $54.20 per share, while 27% think a judge will order him to ...