Why has Elon Musk sold billions of Tesla stock AGAIN?

Published

2 years ago

November 9, 2022

Elon Musk has sold nearly 4 billion dollars in Tesla stock

According to a series of forms filed with the Securities and Exchange Commission, the billionaire has sold another 3 point 4 billion in Tesla shares

This takes the tally of Tesla shares sold off to almost 20 billion dollars this year.

The sale is mostly to finance his $44 billion dollar acquisition of Twitter.

Musk sold over 8 billion dollars in shares back in April, and tweeted that no further Tesla sales planned after today

Then he sold another 6 point 9 billion in August, again saying he was done with selling, until today.

Twitter relies on advertising for the vast majority of its revenue, with Musk now the CEO of the platform… most cost-saving and revenue raising moves are expected to be introduced.

Warner Brothers & Discovery considers splitting up to boost stock value

Published

1 week ago

July 19, 2024

ticker NEWS

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

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Published

1 week ago

July 18, 2024

ticker NEWS

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.

Money

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.