Tesla stock elon musk8/15/2023 ![]() ![]() Tesla investor Ross Gerber, a strong supporter of Mr Musk, said on Twitter that Tesla should announce a buy back "to take advantage to the low share price Elon has created. The latest share sale comes a month after Mr Musk sold shares worth $US4 billion in the days after he closed the Twitter deal. 1 day ago &0183 &32 Tesla CEO Elon Musk said Tuesday the company is looking to invest in India as soon as humanly possible, following a meeting with Indian Prime Minister Narendra Modi in New York. The personal wealth of Tesla’s TSLA chief executive officer shot up by 36.2. Still, it remains more profitable than rivals who have struggled to make money from selling electric cars. Thanks to a rental-car company that at one point went bankrupt, Elon Musk is now worth a mind-boggling 289 billion. Earlier stock sales were to help with the acquisition of Twitter, but reasons were. ![]() Tesla, meanwhile, is grappling with lingering logistics challenges and said in October it expected to miss this year's vehicle delivery target. Elon Musk sold another 3.6 billion of Tesla stock in December, after selling nearly 3.95 billion in November. 'We just have seen full-fledged how Elon's focus. Mr Musk's fortune, mostly tied up in Tesla shares, has fallen with prices this year and he briefly lost his title as the world's richest person last week - according to Forbes - when he was overtaken by Louis Vuitton boss Bernard Arnault.īesides Tesla and Twitter, where Mr Musk's management and tweets are attracting political attention and blowback, Mr Musk also heads rocket company SpaceX and Neuralink, a startup developing interfaces to connect the human brain to computers. Tesla's massive share-price rally is thanks to Elon Musk's increased role at the EV maker, activist investor Ross Gerber said Thursday. "It will start to be tiring for investors," said Tareck Horchani, head of prime brokerage dealing at Maybank Securities in Singapore. Tesla CEO Elon Musk reclaimed his throne as the richest man on earth Thursday, wrestling the title away from LVMH chairman Bernard Arnault as shares of Musk’s electric vehicle giant surged. The value of Mr Musk's total selling over the past year comes to nearly $US40 billion. Tesla's stock price has halved this year, underperforming both automakers and the broader tech-heavy Nasdaq, which is down about 30 per cent this year. Mr Musk's 13.4 per cent stake in Tesla is down from about 17 per cent a year ago, according to Refinitiv data. I've spoken to a lot of investors who have Tesla shares and they're absolutely furious at Elon." That means he won’t be buying back Tesla. Investors have been punishing Tesla stock of late as Musk has spent much of his time running Twitter, raising fears that he’s distracted from the car company."It's not a good situation. Tesla’s stock (TSLA) plunged this afternoon after it was reported that Elon Musk agreed to finally go through with his deal to buy Twitter. Musk has said that Twitter had “a massive drop in revenue” due to the advertiser losses. The takeover of Twitter has not been smooth, and some big companies have halted advertising on the social media platform. ![]() Most of Musk’s wealth is tied up in shares of Tesla Inc. He was passed last week by French fashion and cosmetics magnate Bernard Arnault. The falling shares of Tesla have bumped Musk from his status as the world’s wealthiest person, with his net worth falling to $174 billion, according to Forbes. “The Twitter nightmare continues as Musk uses Tesla as his own ATM machine to keep funding the red ink at Twitter which gets worse by the day as more advertisers flee the platform with controversy increasingly driven by Musk,” Ives wrote. Wedbush analyst Dan Ives said in a note to clients that there are concerns that Musk seems to be changing the Tesla narrative from the fundamental electric vehicle transformation story to becoming a source of funds to finance his Twitter acquisition. YouTuber who staged plane crash faces up to 20 years jail () 117 points by tafda 1 hour ago hide 107 comments. ![]()
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