Money

Elon Musk sells some Tesla shares following Twitter poll

Published

3 years ago

November 11, 2021

ticker NEWS

Billionaire Elon Musk has made a bold move to sell some of his shares in Tesla, just days after launching a very expensive Twitter poll

Tesla CEO Elon Musk has sold $1.1 billion worth of stock options in the electric car maker after he held a vote on his Twitter asking followers whether or not he should get rid of the shares.

According to Bloomberg, Musk has exercised the options at a price of $6.24 US dollars into a regulatory filing on Wednesday.

The filing says “the shares of common stock were sold solely to satisfy the reporting persons tax withholding obligations”.

Tesla stocks closed Wednesday at just over $1,067 USD.

It’s the billionaire’s first sale since 2016 when he last exercised stock options and liquidated some shares.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

3 days ago

May 14, 2024

Nathan Langridge

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

Money

Why are airlines after the Biden Administration?

Published

3 days ago

May 14, 2024

Nathan Langridge

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

Money

The mounting pressure on Government spends

Published

4 days ago

May 13, 2024

ticker NEWS

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