Musk’s Puzzle, plans to sell, insists Tesla shares are only going up

Tesla CEO claimed that his company would be worth more than Apple and Saudi Aramco, combined. Namely over $10 trillion. Tesla’s market value is $650 billion, down 7% after the e-vehicle maker had missed a projection of 50% growth in 2022.

Musk’s words would logically imply that Tesla shares are an incredible value, given his claim that the company will someday be worth over ten times what it is now, however, Musk is preparing this month to sell a substantial number of the approximately 155 million shares he holds in order to buy Twitter.

Despite being sometimes famous for bringing the future closer to reality, Musk also has a fondness for overpromising and underdelivering.

Musk said his cars would drive themselves, and they never did. Musk said the Tesla Model 3 would cost only $35,000, and it does not. Musk said that, using robots, he could turn the company’s original factory in Fremont into a fully-automated facility, but this did not happen. Musk later apparently came off this idea, saying “robots are very bad at picking up fluff” to give evidence that Elon Musk promises a lot.