Elon Musk is many things and his fortune has always been uniquely tied to that mystique. Belief in Elon the man lends belief to Elon's companies which in turn makes him valuable. But none of his companies have reached the point where they can freely exchange that value for commodities.
It would be a red flag if he weren't. Imagine if he were hoarding cash while preaching his vision of the future which seems a few trillion shy of launching. It would be borderline fraudulent. If you have a lot of cash, it means you either really don't know what to do with it or think all companies are on the brink of failure and will underperform the dollar.
many times CEOs cannot sell stock because doing so might signal to others that something bad is going to happen at that company. I recall a story of a company that was doing well, had customers, and good stock. then suddenly overnight the stock tanked. after researching for a while they found out what the cause was. one of the c-level employees / founder wanted to pay for his daughters wedding so he sold some stock. due to that some algo traders had programmed to sell stock if the founder sells. other algo traders programmed only to sell if both the founder and some other traders sell. well, this spiraled out of control until the market closed for the night.
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