Part 8/13:
An intriguing aspect is Elon Musk’s stock sales. Black points out that Musk's repeated sales—mostly predicated on personal liquidity needs or strategic moves like funding Twitter—introduce short-term volatility. Yet, Black emphasizes that Musk’s focus remains on Tesla’s long-term success, and he believes that as long as Musk dedicates his time effectively to Tesla, the company's outlook remains intact.
Believers argue that massive CEO share sales can create negative sentiment, especially if perceived as lack of confidence. However, Black and others maintain that Musk's sales are strategic and expected, with minimal long-term adverse effects provided the company’s fundamentals stay strong.