This sale led everyone to believe that he indeed heard the Twitterati and made the decision.
But as the Wall Street Journals Newley Purnellnotes, Musks sale was pre-planned at least partially.
This sale was necessary for him to satisfy tax obligations.

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He sold3.5 million shares worth over $3.88 billionafter the weekend.
This move was not pre-planned or scheduled.
But it turned out to be a calculated and pre-planned financial decision after all.
Not good for the shareholders.
you’re free to check out the SEC filinghere.
That’s one heck of a mixed bag.
He likes to say “Bleh.
That’s one heck of a mixed bag.
He likes to say “Bleh.”