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.

ASX positioned for strong start after positive stock rebound

Published

1 day ago

September 10, 2024

ticker NEWS

The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

Leaders

Elon Musk is projected to become the world’s first trillionaire

Published

2 days ago

September 9, 2024

ticker NEWS

Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

Money

Treasury Secretary believes the U.S. are on track for a “safe landing”

Published

2 days ago

September 9, 2024

ticker NEWS

Treasury Secretary Janet Yellen pointed to a “soft landing” for the economy, with unemployment slightly down despite slower job creation.

In a recent interview on Bloomberg, Yellen stated that “For the US, the kinds of metrics that we would monitor that would summarise risks — whether it’s asset valuations or a good degree of leverage — things look good, I don’t see red lights flashing”. #featured #trending