On the surface, it looks like Elon is selling shares. But Effectively, Elon is buying in more shares. According to filings with the Securities and ExchangeCommission yesterday, he sold 934,000 shares but on the other hand he exercised options to buy 2.15 million shares. That’s more than double the amount of shares he had sold. Hence, by the end of 10% stake selling spree cum exercising his option to buy additional shares, he will own even more shares before the selling begin.
Those who bought up the EV shares foresee ICE cars shall be disrupted and displaced just like the CD which has made the cassette tape obsolete those days.
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