Tesla Stock Rallies As Elon Musk Completes The Sale Of A 10% Stake In The Company Shares of Tesla gained strong upside momentum after Elon Musk said that he had completed the sale of a 10% stake in the company. In addition to the natural selling pressure that occurs when a material stake is sold, […]
Read MoreTesla’s visionary CEO Elon Musk can add another distinction to his list of record achievements—although it’s likely to be one he won’t relish. The wealthiest human to ever walk the earth posted on Twitter he will fork over more than $11 billion to the U.S. government this year, a tax bill that just may be […]
Read MoreThe title of world’s richest person can change on any given day, depending on corporate share prices—but as of late, that title has been held by Elon Musk. Famous for his business prowess, communication style, and role as a tech visionary, Musk has often been hailed as a genius. Musk is the CEO and co-founder […]
Read MoreElectric cars could deliver power to the grid as well as soaking it up. Drew Angerer/Getty Images) If electric vehicles take over personal transportation, the U.S. will need more electricity- generating capacity and far fewer gas pumps. Even Tesla CEO Elon Musk thinks so, but the additional amount may be less than expected. Back in […]
Read MoreThis October, amid a spate of good news, investors bid the shares of electric-vehicle pioneer Tesla up into the stratosphere, making it one of just a handful of American companies to be worth more than $1 trillion in market capitalization. As of market close on Nov. 29, Elon Musk’s auto-industry upstart was worth $1.14 trillion. […]
Read More(Bloomberg) — Michael Burry has deleted his Twitter account once again, shortly after “The Big Short” investor disclosed he ditched some of his biggest bearish bets. A search for Burry’s account, @michaeljburry, on the Twitter.com website showed the account no longer exists. Burry has repeatedly deleted and reactivated his account in recent months. Scion Asset […]
Read More(Bloomberg) — Elon Musk’s string of Tesla Inc. share sales carried on a fifth consecutive day, bringing the total the chief executive officer has offloaded in the wake of an unusual public poll to about $6.9 billion. The billionaire on Friday disposed of 1.2 million shares worth about $1.2 billion, according to a regulatory filing. […]
Read MoreTesla CEO Elon Musk talks during a tour of the plant of the future foundry of the Tesla Gigafactory on August 13, 2021 in Grunheide near Berlin, Germany. Patrick Pleul/Pool/Getty Images Tesla CEO Elon Musk asked his 62.7 million Twitter followers this weekend if he should sell 10% of his stock in the company, vowing […]
Read More(Bloomberg) — Tesla Inc.’s latest rally has blasted co-founder Elon Musk’s wealth past a new milestone: It now eclipses famed investor Warren Buffett’s fortune by a factor of three. Musk’s net worth rose by $24 billion to $335.1 billion Monday as the electric automaker’s shares jumped 8.5% in New York. That widened his lead over […]
Read MoreElon Musk, the world’s richest man, took to Twitter overnight to savage the so-called billionaire tax proposal that’s dividing Washington over ideological lines and is dominating the discourse on social media too. The tax idea, which would target the 700 richest U.S. taxpayers, was dreamed up to finance President Joe Biden’s $2 trillion “Build Back […]
Read More