Category: tesla

Elon Musk Sells $5 Billion in Tesla Shares After Twitter Poll

Tesla Chief Executive Elon Musk sold about $5 billion in shares, the billionaire reported in filings on Wednesday (November 10), just days after he polled Twitter users about selling 10 percent of his stake. In his first share sale since 2016, Musk’s trust sold nearly 3.6 million shares in Tesla, worth around $4 billion, while…


Why Ford CEO Is Warning Automaker’s Employees to Take Tesla Seriously: ‘We Can’t Ignore This Competition Anymore’

Ford Motor Co. CEO Jim Farley is the latest legacy-automaker executive to warn employees that electric-vehicle segment leader Tesla Inc. needs to be taken seriously, Electrek reported on Monday, citing Detroit Free Press. What Happened Farley praised Tesla’s overall prowess in a recent internal meeting and said the Elon Musk-led company makes electric vehicles better…


Elon Musk’s Net Worth Takes $50 Billion Hit in Two Days After CEO Contemplates Selling Off 10 Percent of Company Stock

Elon Musk’s net worth has plunged $50 billion in just two days after the Tesla CEO asked his Twitter followers whether he should sell 10 percent of his stake in the company, Bloomberg reports. Musk, the world’s richest person, took to the social media platform on Nov. 6 to pitch a poll with his 63.1…


Analysis: Musk’s Tesla Stock Sale Poll Raises Taxing Questions

When Elon Musk asked his Twitter followers last weekend if he should sell 10 percent of his Tesla Inc stock, he said he was posing the question because “much is made lately of unrealized gains being a means of tax avoidance.” Yet the timing of his upcoming stock sale could solve a major tax headache…


Analysts React to Musk’s Poll on Offloading 10 Percent of Tesla Stock

Tesla Inc. chief Elon Musk said on Saturday he would sell about 10 percent of his stake in the company, based on votes on his Twitter poll asking users of the social media network whether he should sell his shares. About 58 percent voted “Yes”. “Much is made lately of unrealized gains being a means of…


Tesla Shares Skid Again as Investors Brace for Possible Musk Stock Sale

Tesla Inc shares fell for a second straight day on Tuesday, as investors dumped the high-flying stock ahead of a possible stake sale by company chief Elon Musk. The electric-car maker’s shares were recently down 11.6 percent at $1,026. They were on track to shed some $133 billion in market capitalization, far more than the…


Musk’s Potential Tesla Stake Sale Follows Share Surge

NEW YORK—Should Elon Musk decide to unload some of his stake in Tesla Inc, he will be capitalizing on a massive rally that has made the electric-vehicle maker one of the world’s most valuable companies. The Tesla chief asked his Twitter followers on Saturday if he should sell 10 percent of his Tesla stake. Nearly…


Twitter Followers Vote ‘Yes’ to Elon Musk Selling Off 10 Percent of His Tesla Stock

Tesla CEO Elon Musk asked his Twitter followers on Saturday if he should sell 10 percent of his company stock as he faces an upcoming large tax bill. “Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock,” Musk said on Twitter. “Do…


Wall Street Closes Up on Infrastructure Gains but Tesla Weighs

NEW YORK—Wall Street stocks ended slightly higher on Monday, rising early after passage of an infrastructure spending bill but paring gains late as sliding Tesla shares weighed the indexes down. Still, the S&P 500 and the Nasdaq extended their run of all-time closing highs to eight straight sessions. The blue-chip Dow notched its second consecutive…


NTD Business Full Broadcast (Nov. 8)

Prices are record high—and Americans aren’t expecting them to drop any time soon. Inflation expectations are at an eight-year-high. Tesla stock is down. CEO Elon Musk is indicating he might sell 10 percent of his shares after asking his Twitter followers if it’s a good idea. Walmart is using fully driverless trucks to ramp up…