Tesla CEO and co-founder Elon Musk said on Thursday that he will never sell his car company, Tesla, and will only invest in its future.
“The world of Tesla is different from that of the past.
That’s the story that’s always been told about the company,” Musk told CNBC in a wide-ranging interview on the sidelines of the company’s annual shareholder meeting in California.”
We’ve made enormous progress in the past three years, in terms of product development and efficiency,” Musk said.
“But there’s still a lot of work to do.”
Musk said Tesla will continue to invest in “its core” of the Model 3 sedan and electric SUV.
The comments were the latest in a series of public statements by Musk that suggest he’s not averse to putting his money where his mouth is.
In an interview with Bloomberg in January, Musk said that he’s “a lot less likely” to sell his shares than he was to do so in 2015.
Musk said at the time that he would “continue to invest” in the company, which was then valued at $US1.6 billion ($1.9 billion).
Last month, Musk told Reuters that he “never” would sell his stock.
He told CNBC’s Terry Moran that he does not plan to sell shares, but said, “I have a certain amount of money I’ve put in it.
I’m willing to do that.””
I’m not going to sell,” Musk added.
“I’ve invested so much time in Tesla.
I know that this is going to continue to grow.”