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Elon Musk sells $3.6bn of Tesla shares

Published

2 years ago

December 15, 2022

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Billionaire Elon Musk has sold another 22 million shares, worth over $3.58bn dollars

According to a filing with SEC, the shares were sold this week.

It brings the total of Tesla stocks sold by Mr Musk over the past year to almost 40 billion dollars.

The reason for the latest share sales has not been disclosed.

He still remains Tesla’s biggest shareholder but right now, Tesla is one of the worst performing stocks among major car makers and tech companies this year.

At the end of last year the company was worth more than $1 trillion dollars but its value has slumped in recent months.

Investors are worried that Musk’s buyout of Twitter is diverting his attention.

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Warner Brothers & Discovery considers splitting up to boost stock value

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1 week ago

July 19, 2024

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

Published

1 week ago

July 18, 2024

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

Published

1 week ago

July 18, 2024

ticker NEWS

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.