Not to speak for MP, but Elons last comment on this I'm aware of is:
"I won't sell stock until I don't know probably two years from now. Definitely not next year under any circumstances and probably not the year thereafter,"
That was from 2022. So his "definitely" was about 2023, which is about to end.
Indeed, this was what Elon stated on the Twitter space he joined, but my view is that the finances of X have degraded since then with the exodus of ad revenue and I read a compelling article a couple of weeks back that put forward April was the likely time-window when he would requite funding
For sure Elon did imply in the Sorkin interview that he would let X die if necessary, but seemingly back-tracked on this a few days later when he posted that he'd never lost investors in his companies money and he wasn't about to start now
So yes, I think it's coming, and even if it's not coming, a lot of people think it's coming and that makes investors very nervous - why buy in now when they can wait until the next "event" and then grab the stock at a huge discount
And we mustn't forget that Musk has a ton of options to exercise by 2028, way more than he did in previous years, of which he'll need to pay huge taxes, will mean selling TSLA regardless of the situation with X
Of course it's Elon's right to sell some stock, but his method on selling is the issue, even selling on the open market it could be done a lot better - spread the selling over the year, plan well ahead, trickle-sell rather than opening the tap full
Anyway, I think we have a lot of risk in the coming year and very few upside catalysts, so I'm trying to position for that, with my current priority being to being to sell the 60x Dec 2025 +c200's that I bought (in hindsight) at too high an SP -> $720k locked-up in those right now