NASDAQ registered one of its worst daily performances in months on July 20 as the index got dragged down by the crashing stocks of Tesla and Netflix. On Thursday, NASDAQ declined by 295 points, or 2.05 percent, which is the biggest daily percentage decline since Feb. 21, when the index fell by 2.5 percent. The…
Tesla Shares Plummet Through Key Levels: Did Musk Feed the Stock to the Bears?
Tesla Inc. was plummeting 10 percent on Tuesday, sliding through both the 50-day and 200-day simple moving averages (SMAs), which plunged the stock into bearish territory. The move came on higher-than-average volume, which indicates there’s fear around Tesla’s stock. This was likely accelerated by news CEO Elon Musk was successful in his bid to acquire…
Cathie Wood’s ARK Buys the Dip in Tesla Shares After Months of Selling
Star stock picker and noted Tesla Inc. bull Cathie Wood’s ARK Invest took advantage of a slump in the electric-car maker’s shares following its results, piling into the stock after months of paring back holdings. The investment company bought 33,482 Tesla shares on Thursday, worth nearly $28 million based on the stock’s last closing price,…
Tesla Sells Record 308,000 Electric Vehicles for Q4 2021, Beating Estimates
Tesla posted record deliveries for the fourth quarter, selling 308,000 cars and surpassing Wall Street estimates as critical vertical integrations and robust supplier relations enabled the automaker to ride out chip shortages that are plaguing most other manufacturers. “We achieved production of more than 305,000 vehicles and deliveries of over 308,000 vehicles. In 2021, we…
Elon Musk Sells Another Billion Worth of Tesla Shares, Exercises Options to Buy Stock
Elon Musk sold about $1.02 billion worth of his holdings in Tesla, reaching closer to his sales target of 10 percent that he had promised Twitter followers last month, while at the same time bought millions of shares via options. According to filings with the U.S. Securities & Exchange Commission, as cited by the Wall…
Elon Musk Sells Another $1 Billion Worth of Tesla Shares
Tesla Inc (TSLA) CEO Elon Musk sold $1 billion worth of the automaker’s shares on Tuesday, as per filings made with the U.S. Securities and Exchange Commission. What Happened The filings, made Tuesday, reveal that Musk exercised options to purchase 2.15 million stock options at $6.24 each and sold 934,091 shares. Tesla shares closed at…
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