$Tesla (TSLA.US)$ Due to some equity investors pulling out, Lao Ma had no choice but to increase his own share. However, the cash obtained from the previous stock sale was insufficient, so he had to sell more shares. To minimize market impact, he negotiated a condition with the buyer: pay the remaining balance by selling shares some time after the completion of the transaction. He anticipated that after the deal was completed, the market would calm down slightly and the stock price would rebound, allowing him to suddenly sell shares at that point. Unfortunately, things did not go as planned. Many in the market still noticed the signs. At the very least, part of the funding source for completing the transaction remained unclear. Within the agreed timeframe, the stock price did not show significant improvement, forcing him to sell, which led to the situation seen in the past three trading days.
The only hope is that this time, he has really sold enough.