Elon Musk says he will not sell more Tesla stock for about two years

Shares of Tesla rose 3% to $129.23 in after-hours trading on Thursday following an 8.9% drop in regular trading hours.

Elon Musk said he foresees the economy will be in a "serious recession" in 2023.

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His comments came after a Tesla stock sell-off deepened on Thursday over worries about softening demand for electric cars.

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Tesla CEO Elon Musk says the company is close to picking the location of its new "Gigafactory".

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Tesla could announce the construction of a Gigafactory in the northern Mexican state of Nuevo Leon as soon as Friday.

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He says he will step down as chief executive of Twitter once he finds "someone foolish enough to take the job".

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