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Elon Musk sells $3.6bn of Tesla shares

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1 year ago

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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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Why the meme-stock frenzy is unlikely to repeat

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5 days ago

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May 14, 2024

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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5 days ago

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May 14, 2024

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

Published

6 days ago

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May 13, 2024

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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