Investors in Tesla are getting ready to escape the 2022 shadow as the new year begins. Last year, nearly $670 billion was lost in value. Tesla and a tech mogul. Elon Musk, Inc.’s largest shareholder, literally plays a key role.
Musk, on the other hand, began mass-selling Teslas 14 months ago, in November 2021. Tesla missed its Q4 shipping guidance recently. Hope that the worst is over due to concerns about slowing demand in China and vice versa.
Investors should, however, be encouraged to carefully consider Musk’s sales figures and patterns by this.
In four parts, Musk will be sold in the second half of 2021, between April and August, and at the end of this year. Since then, he has risen to the top of a number of stocks, but he has continued to sell them as they sharply fall into 2022.
Musk pursued prices and sold more and more as they fell in this manner. Musk sold approximately 75 million shares through 1,279 open market transactions over 27 trading days in the past year. However, revenue was $39.4 billion in total. On the other hand, the decline in earnings becomes immediately apparent when earnings and stocks sold are taken together.
In contrast, Musk has sold 29% of his adjusted shares over the past two months. Later, Musk accelerated his proposal to acquire Twitter Inc. and appeared to have to support it. There was only one deal for 1.4 million shares before November 2022. In one of nine sales on November 8, approximately 3 million shares were sold.
Despite the year-end distress sale, Musk’s average realized price over the entire period was $279, more than twice his current value.
With a net worth of $129 billion, Musk no longer holds the title of richest person in the world. However, such setbacks can be overcome with enough perseverance. Tesla is still trading at a 35% premium to the S&P 500 in futures multiples, despite its low valuation.
During this time, Tesla produced an additional 34,423 automobiles. The dispute stems from Musk’s sales.
At various points during the past year, Musk stated that he did not “plan” to sell more than that. Additionally, he referred to the decline in stock prices as a “buying opportunity.” He also stated that Tesla was considering a buyback program and that the company was worth more than $4 trillion.