Skip to content
Technology
Hyperdrive

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

  • Some 1,562 traders, investors and analysts responded to survey
  • World’s richest man will avoid buying Twitter, respondents say
Musk, 51, is the world’s richest person, with a $260 billion fortune derived largely from his stake in Tesla.

Musk, 51, is the world’s richest person, with a $260 billion fortune derived largely from his stake in Tesla.

Photographer: Liesa Johannssen-Koppitz/Bloomberg
Updated on
From

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 pay the $1 billion breakup fee.