Connect with us

Business

Elon Musk sells $3.6bn of Tesla shares

Published

on

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.

Continue Reading

Business

TikTok could be banned in the United States

Published

on

TikTok in the firing line after Chinese balloon was shot down

 
China has hit back at the U.S. after officials shot down a suspected Chinese spy balloon off the coast of South Carolina.

Washington says it was being used to monitor strategic sites.

But Beijing rejects this – claiming the balloon was a civilian airship used to monitor the weather.

The incident is just the latest in a long line of diplomatic disputes between the two countries.

Now, TikTok could be banned in the U.S. in the wake of the incident.

Republicans are now pushing for Washington to distance itself from the Beijing-based app. #trending #featured

Continue Reading

Business

Companies to pay extra for verified Twitter accounts

Published

on

Elon Musk has announced that companies and brands will have to pay $1,000 per month – plus an additional $50 per sub-account – to get verified check-marks on Twitter

The new pricing falls under the new Twitter Blue for Business service.

Within the next few months, only paying Twitter customers will have verified status.

Twitter has stacked on $12.5 billion in debt, and this move hopes to increase subscription revenue to meet Musk’s obligations.

Advertisers halted spending on Twitter after the takeover, but Twitter has since announced partnerships with two brand-safety vendors to win back marketers.

Musk also announced that Twitter would start sharing ad revenue with creators for “ads that appear in their reply threads”, but didn’t provide further detail.

Continue Reading

Business

BMW to invest €800 million in Mexico

Published

on

BMW is set to invest €800 million in Mexico, to produce its next generation of high-voltage and fully electric batteries

 
The carmaker is looking to convert more than half of its sales into all-electric cars by 2030.

Construction will begin next year with production beginning in 2027.

The announcement follows several other major expansions from the automaker in recent months, including a $1.7 billion investment in the United States.

The move will add around 1,000 new jobs to its Mexico operations.

Continue Reading
Live Watch Ticker News Live
Advertisement

Trending Now

Copyright © 2023 The Ticker Company PTY LTD