Though a massive stock sale could rattle share prices, one analyst says it's probably better for Musk to 'rip the band-aid off now' now instead of delaying the expected sale.
Sunday with nearly 58% of the more than 3.
Ives went on to say it's likely better Musk"rip the band-aid off now" and sell the portion of stock rather than letting the possibility linger over the next year and risk ongoing volatility. tanked by about $13 billion Monday morning, but the 50-year-old is still worth $305.5 billion, about $100 billion more than the world’s second-richest person, Amazon founder Jeff Bezos.
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