Markets

Elon Musk is now halfway to his Twitter target of selling 10% of his Tesla stock - after dumping another $1.05 billion

11 days ago   |   By

Elon Musk is the world's richest person. Maja Hitij/Getty Images
Elon Musk has now sold roughly 9.2 million shares in Tesla, netting him just under $10 billion.
The sales mean he's over halfway towards his Twitter commitment to sell 10% of his holding.
Musk held just over 170 million shares in September, so 10% of his stake is around 17 million shares.
Elon Musk has now sold around 9.2 million shares in Tesla since asking his Twitter followers whether he should offload 10% of his holding in the EV company. That means the Tesla chief executive is now more than halfway towards the target...
Read more ...

 

Tesla is pouring in more than $1 billion into its new Gigafactory in Texas, Elon Musk's new home base

11 days ago   |   By

Construction site of the Tesla Gigafactory in Austin, Texas. Mike Blake/Reuters
Construction for Tesla's new factory in Austin, Texas, began in the summer of last year.
Filings with Texas authorities showed the electric vehicle company will spend over $1 billion on the project.
The project is expected to create 10,000 jobs.
Tesla is pouring in more than $1 billion into its new Gigafactory in Texas that is expected to be completed by the end of this year. Construction filings with the Texas Department of Licensing and Regulation showed the electric vehicle company would spend $493 million...
Read more ...

 

Elon Musk just offloaded another $1.05 billion worth of Tesla shares, bringing his November share sales total to $9.9 billion

11 days ago   |   By

Tesla CEO Elon Musk. Picture Alliance/Getty Images
Since his November 6 Twitter poll, Tesla CEO has sold 9.2 million shares worth $9.9 billion.
Musk tweeted that he would sell 10% of his stock if users of the social media platform approved.
A majority of his followers agreed with the sale.
Tesla Inc Chief Executive Elon Musk sold another 934,091 shares of the electric vehicle maker worth $1.05 billion after exercising options to buy 2.15 million shares, US securities filings showed on Tuesday. The world's richest person had on November 6 tweeted that he would sell 10% of his stock if users...
Read more ...

 


Search by Tags

   Markets      MI Exclusive      Elon Musk Tesla stock stake sale      Elon Musk twitter      Elon Musk      Tesla stock      TSLA      Tesla      Twitter      Shopping      Texas      Transportation      Cars      Austin      Tech      Electric Vehicles      Electric vehicle      Business      Shares      Companies      Taxes  


Interesting Facts About Dubai Miracle Garden

Dubai Miracle Garden - The World's biggest flower Garden located in Dubai. Plan your trip to Dubai & visit this garden. Before visiting go through these interesting facts... Read more ...

Interesting Facts About Dubai Miracle Garden

Dubai Miracle Garden - The World's biggest flower Garden located in Dubai. Plan your trip to Dubai & visit this garden. Before visiting go through these interesting facts... Read more ...

Experience the magical ambience of the fall season by visiting the best...

Autumn is one of the fascinating seasons for a holiday in Italy. This beautiful season comes with a round of fresh wine, delightful delicacies, and vibrant colors that will... Read more ...

Sen. Amy Klobuchar said 'some pro-choice Republicans' might get on board...

Sen. Amy Klobuchar said codifying abortion into federal law may be a solution to debates on women's rights. Meet the Press Sen. Amy Klobuchar suggested codifying abortion... Read more ...

New dinosaur discovered with a bizarre 'club like' tail featuring seven...

A model of the Stegouros, a newly identified armored dinosaur that inhabited the Chilean Patagonia, is displayed during a press conference in Santiago, Chile, Wednesday, Dec... Read more ...

Former US senator and GOP presidential nominee Bob Dole has died at 98

Bob Dole at The Republican National Convention in Cleveland, Ohio. Dennis Van Tine/STAR MAX/IPx Former US Sen. Bob Dole died on Sunday at the age of 98. Dole, a decorated... Read more ...

Chinese border city reports 17 local COVID-19 cases

Chinese border city reports 17 local COVID-19 cases

The border city of Manzhouli in north China's Inner Mongolia Autonomous Region reported 17 locally-transmitted confirmed COVID-19 cases from 12 a.m. to 2 p.m. Saturday, local... Read more ...

Chinese mainland reports 59 new confirmed COVID-19 cases, with 42 locally...

Chinese mainland reports 59 new confirmed COVID-19 cases, with 42 locally transmitted

The Chinese mainland on Saturday reported 42 new locally transmitted COVID-19 cases, the National Health Commission said in its daily report on Sunday. Of the new local cases... Read more ...

Fauci pushed back on Sen. Ron Johnson's claims that he 'overhyped' the AIDS...

Dr. Anthony Fauci during a December 5, 2021, appearance on CNN's "State of the Union." CNN/State of the Union Dr. Anthony Fauci on Sunday called comments made by GOP Sen. Ron... Read more ...

China to boost support for development of small, medium airports

China to boost support for development of small, medium airports

China will introduce policies to support and give subsidies to ensure sustainable development of small and medium airports nationwide, according to civil aviation authorities... Read more ...

Quanzhou Bay cross-sea bridge under construction

Quanzhou Bay cross-sea bridge under construction

Aerial photos taken on Nov. 30, 2021 shows the Quanzhou Bay cross-sea bridge of the Fuzhou-Xiamen high-speed railway, in southeast China's Fujian Province. The main structure... Read more ...

Resist the FOMO. An asset manager has created an ETF for 'genuine...

Marianne Ayala/Insider A new exchange-traded fund from GCI Investors is getting back to the basics of investing. "We are investing in underlying businesses and companies rather... Read more ...

Symone Sanders dismisses notion that she's leaving Kamala Harris' office...

Vice President Kamala Harris speaks to members of the press as senior advisor and chief spokesperson Symone Sanders looks on at the Greenville-Spartanburg International Airport... Read more ...