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Tag: Elon Musk


Enterprise, Industries

Elon Musk sells $3.95 billion worth of Tesla stock

November 9, 2022

Via: ABC News

Twitter’s new owner and Tesla CEO Elon Musk sold nearly $4 billion worth of Tesla shares, according to regulatory filings. Musk, who bought Twitter for $44 billion, sold 19.5 million shares of the electric car company from Nov. 4 to […]


Energy, Industries

Elon Musk Says World Needs More Oil and Gas

August 29, 2022

Via: The Wall Street Journal

Tesla Inc. boss Elon Musk told European energy leaders that the world needs more oil and natural gas and should continue operating nuclear power plants while investing heavily in renewable energy sources. “I think we actually need more oil and […]


News

FCC commissioner slams the agency for rejecting Elon Musk’s bid for $886 million in funding to SpaceX’s Starlink satellite internet

August 25, 2022

Via: Markets Insider

A commissioner from the Federal Communications Commission (FCC) criticized the agency’s decision to deny SpaceX’s bid for $886 million in US subsidies. SpaceX, Elon Musk’s aerospace manufacturer, was looking for funding to expand its Starlink satellite internet to homes and […]


News

Elon Musk’s SpaceX lands $2 million Air Force deal for Starlink internet despite FCC’s rejection of $886 million subsidy

August 17, 2022

Via: Markets Insider

The US Air Force has awarded SpaceX a $1.92 million contract for its satellite internet service, Starlink, according to documentation, which Teslarati and The Register linked to in reports. The development represents a turnaround since SpaceX’s US subsidies bid for […]


Capital, Finance Tech, Trading

Elon Musk sells 7.92 million Tesla shares worth $6.88 billion

August 10, 2022

Via: NBC News

Tesla CEO Elon Musk sold 7.92 million shares of Tesla worth around $6.88 billion, according to a series of financial filings published Tuesday night. His transactions occurred between Aug. 5 and 9, the Securities and Exchange Commission filings revealed, following […]


Finance Tech, Trading

Google co-founder Sergey Brin told his financial advisers to sell his investments in Elon Musk’s companies after Musk had an affair with his wife

July 25, 2022

Via: Markets Insider

Google co-founder Sergey Brin reportedly told his financial advisers to sell off all of his investments in Elon Musk’s companies after learning that Musk reportedly had an affair with Brin’s wife, Nicole Shanahan. Brin and Shanahan divorced in January after he […]


Capital, Enterprise, Finance Tech, Industries

Twitter Didn’t Seek a Sale. Now Elon Musk Doesn’t Want to Buy. Cue Strange Legal Drama.

July 11, 2022

Via: The Wall Street Journal

Elon Musk’s showdown with Twitter Inc. has set the stage for what could become one of the most unusual courtroom battles in corporate-takeover history—a spurned acquisition target that never sought to be bought potentially trying to force the buyer who […]


Industries, Manufacturing

Hundreds complain about phantom braking in Tesla cars – as Musk says he has ‘bad feeling’ about economy

June 3, 2022

Via: Sky News

The National Highway Traffic Safety Administration (NHTSA) said they are investigating the issue, which has been reported by 750 people, as the company’s founder Elon Musk said he has a “super bad feeling” about the economy and needs to cut […]


Capital, Enterprise, Finance Tech, Industries

Twitter jumps more than 5% after Elon Musk puts up another $6.25 billion of his own wealth to fund the takeover deal

May 26, 2022

Via: Markets Insider

Twitter stocks rose more than 5% in premarket trading Thursday after Elon Musk fronted more of his own wealth to fund his $44 billion buyout offer. Musk will put up another $6.25 billion of equity for the deal, lifting the […]


Finance Tech, Trading

Wall Street rallies as growth stocks rebound; Twitter slides

May 13, 2022

Via: Investing.com

Growth stocks led a rebound in Wall Street’s main indexes on Friday in a week marred by worries about the worsening outlook for economic growth, while Twitter sank after Elon Musk put his deal for the social media company on […]


News

Tesla, Twitter shares drop as Elon Musk’s legal issues grow

May 12, 2022

Via: ABC News

Shares of Tesla and Twitter have tumbled this week as investors deal with the fallout and potential legal issues surrounding Tesla CEO Elon Musk and his $44 billion bid to buy the social media platform. Of the two, Musk’s electric […]


Capital, Finance Tech, News

Elon Musk buys Twitter

April 26, 2022

Via: TechRadar

You don’t even need 280 characters to deliver this momentous news: Elon Musk just bought Twitter. The Tesla CEO and SpaceX founder has been circling the popular social media platform for weeks, using Twitter itself as a medium to announce […]


Enterprise, Industries

Twitter shares take off as Elon Musk buys stake worth almost $3bn

April 4, 2022

Via: Sky News

A regulatory filing showed the tycoon had snapped up 73,486,938 Twitter shares. The stake is worth $2.89bn (£2.2bn), based on Twitter’s closing price on Friday. Musk is a frequent user of Twitter and has more than 80 million followers, but […]


Finance Tech, Industries, Manufacturing, Trading

Musk’s super stock sale is just about done: The Tesla CEO has sold nearly 17 million stocks and exercised all the Tesla stock options in his trading plan

December 29, 2021

Via: Markets Insider

Tesla CEO Elon Musk has exercised the last of his stock options under a prearranged trading plan. On Tuesday, Musk exercised an option to buy about 1.6 million Tesla shares, according to a regulatory filing. According to that filing and […]


Capital, Finance Tech, Trading

Musk, Other Insiders Are Selling Stock at Historic Levels

December 9, 2021

Via: The Wall Street Journal

Company founders and leaders are unloading their stock at historic levels, with some selling shares in their businesses for the first time in years, amid soaring market valuations and ahead of possible changes in U.S. and some state tax laws. […]


Finance Tech, Liquidity

An altcoin called starlink rallied as Elon Musk’s company launched 53 internet satellites into orbit

November 15, 2021

Via: Markets Insider

An altcoin called starlink rallied over the weekend, a day after Elon Musk’s SpaceX launched 53 additional internet satellites into orbit. The price of the coin, whose ticker is starl, peaked at a record high of $0.00008325 on November 14, […]


Editorial

Why Elon Musk’s Anti-Bitcoin Stance Could Hide Something bigger

May 28, 2021

Via: Natalie Dunn

Elon Musk’s announcement that Tesla will no longer accept payment in Bitcoin could indirectly signal another Tesla transaction or perhaps even a move with real benefits for the company’s public image.  Tesla Transactions and Improving Brand Image After Elon Musk’s […]


Finance Tech, Liquidity

Dogecoin rallies on Elon Musk tweet, anticipated Coinbase listing

May 14, 2021

Via: CNBC

Dogecoin soared Friday after a tweet from supporter Elon Musk, and as Coinbase said it would list the meme-inspired cryptocurrency. The price of dogecoin climbed to an intraday high above 56 cents in early morning trade, according to Coin Metrics […]


Enterprise, Industries

Tesla’s lead in batteries will last through decade while GM closes in

March 10, 2021

Via: CNBC

Tesla holds a sizable lead over competitors when it comes to paying less for lithium-battery cells and having the lowest cost EV battery packs, according to a new report from Cairn Energy Research Advisors. What’s more, Tesla is expected to […]


Capital, Finance Tech

Elon Musk is no longer the world’s richest person after losing $15bn

February 24, 2021

Via: Sky News

The 49-year-old business magnate has now fallen to second place on the Bloomberg Billionaires Index of the world’s 500 richest people with a net worth of $183.4bn (£129bn) – a significant drop from a peak of $210bn (£148bn) in January. […]