[behnamoh]

But why would he need cash? To buy another company, or start one of his own?

[floatinglotus]

He knows Tesla is overpriced and wants to take some of his money off the table. He knows it is due for a major haircut.

[yebyen]

Why would anyone need cash ahead of a recession? I wonder...

[johannes1234321]

To prevent itbecome worthless from a Tesla stock crash. Either putting it in the abnk or other investments.

[rmbyrro]

To buy more tesla stocks than he had before, at a lower price point each.

He doesn't hide he would like to have the company private. Owning more stocks moves him closer to this ideal.

Just speculating, I have no inside info on what he really wants to do with the cash.