(Bloomberg) — Tesla Inc. gained in early trading after the carmaker said it plans to seek shareholder approval for a move that would enable its second stock split in roughly two years. The company said in an oddly worded tweet early Monday that it will ask shareholders at this year’s annual meeting to authorize additional […]
Read More(Bloomberg) — Elon Musk gifted almost $6 billion worth of Tesla Inc. stock to charity late last year in one of the largest philanthropic donations in history. The world’s richest man donated more than 5 million shares in the electric-car maker from Nov. 19 to Nov. 29, according to a filing with the Securities and […]
Read MoreAs detailed in a broad SEC filing this week, Tesla gave investors an update on its Bitcoin holdings. Parsing through the disclosure, it boils down to this: Tesla bought around $1.5 billion in bitcoin (BTC-USD) in the early part of 2021; realized a gain of $128 million on a sale of some of its stake […]
Read More(Bloomberg) — Elon Musk says his 2018 tweet about plans to take Tesla Inc. private was “entirely truthful” and that investors who claim the missive was a fraud are wrong. Lawyers for the billionaire chief executive officer of the electric-car maker said in a court filing Tuesday that Saudi Arabia’s sovereign wealth fund had indeed […]
Read More(Bloomberg) — Tesla Inc. shares wiped out about $109 billion off its valuation in the course of a single day after the electric vehicle maker’s fourth-quarter earnings and outlook failed to impress investors. Shares of the Austin, Texas-based electric vehicle maker plunged nearly 12% on Thursday after an earnings call the previous day that was […]
Read More(Bloomberg) — Tesla Inc. set a record for profit but warned that supply chain problems will keep it from introducing new vehicle models this year while it focuses on expanding production of its current lineup. That means fans of the Cybertruck will have to wait until at least 2023. On the other hand, full self-driving […]
Read MoreTesla (TSLA) is a “barometer” of market confidence, says TD Ameritrade chief market strategist JJ Kinahan. “This is a name that really is a confidence gauge in my opinion,” Kinahan told Yahoo Finance Live. “If it gets down near the $950-ish level, you’ll see clients coming in and buy it up until it gets to […]
Read More(Bloomberg) — Tesla Inc. has agreed to take the majority of battery-ready graphite from a production facility planned in Louisiana, as it races to secure supplies of the key material in a market dominated by China. Melbourne-based Syrah Resources Ltd. will supply Elon Musk’s company with graphite anode material for an initial four years, with […]
Read MoreTesla 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 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) — 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 MoreInvestors in electric vehicle (EV) giant Tesla (NASDAQ:TSLA) have had a great October. Shares surged over 44% during the month and hit new all-time highs in the past few days. Now, its market capitalization stands around $1.2 trillion thanks to this Tesla rally. Currently, TSLA stock is up over 68% year-to-date (YTD). What’s more, as […]
Read More(Bloomberg) — Tesla Inc. is poised to give back some of its more than $300 billion gain since Hertz Global Holdings Inc. announced a massive order for its electric vehicles, after Elon Musk cast doubt on the deal and downplayed its potential. The Model 3 maker hasn’t signed a contract yet with Hertz, the chief […]
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 […]
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