Why does he need a cover to sell his stock? He sold $10B+ last year without the twitter excuse. Also TSLA stock in March was at least 40% below it's peak
So, you don't see a conflict if Musk criticizes Gates for shorting TSLA (because Gates thinks it is overvalued) and then turning around and selling billions of dollars' worth of TSLA? I do. I think that qualifies has hypocrisy.
The headline is: "Elon Musk Sells $8.5 Billion of Tesla Shares After Deal to Buy Twitter"
The deal to buy Twitter gave Musk an excellent cover for selling billions of dollars' worth of TSLA. He doesn't need to sell all of TSLA. He sold a massive amount. If he didn't have this cover it would have looked like he thinks TSLA is overvalued (which in fact it is).
Both Gates and Musk sold TSLA. Gates sold borrowed shares, Musk sold shares he owned. That's the only difference. Of course Musk still has tons of TSLA remaining. But that doesn't change the fact that both Gates and Musk did the same thing (sell TSLA) and yet Musk criticized Gates for it. What a hypocrite!
