business

Musk sells $3.58 bil worth of Tesla stock

15 Comments

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LOL, no more planned sale. Though for Musk, who will be getting more stocks as compensation package it's probably half a year's earning.

There are lots of Musk fan investors like Ross Gerber who are very upset about this and calling for the board to initiate stock buyback.

Glad I don't own TSLA, though based on EPS it's looking very cheap. My rule, no dividend, no buy stands though no matter how cheap.

1 ( +1 / -0 )

Twitter is bleeding,thank to Musk

1 ( +3 / -2 )

The sale comes as shares of the electric vehicle and solar panel maker have collapsed, losing over half their value since Musk first disclosed in April that he was buying up Twitter stock.

Let me guess, it must be the woke mob of financial investors that are sabotaging Musk's plans with Twitter?

5 ( +5 / -0 )

Tesla goes from bad to worse...

The falling shares have bumped Musk from his status as the world's wealthiest person, with his net worth falling to $174 billion, according to Forbes. He was passed last week by French fashion and cosmetics magnate Bernard Arnault.

And this is only the beginning..

Waaahahahahahaaa!!!...

-1 ( +2 / -3 )

I bet it is for last minute Xmas presents that he completely forgot about. He probably got a full-time shopper to "make it happen" too and had a list of people+spending targets for each with an idea about the main gift, if he knows anything.

As an investor, I will never knowingly invest in any company with any upper management in the news (good or bad) so much. I've been burned too many times before from other loud-mouthed corporate leaders. I'm happy working my 15%/yr investment plan the last 30+ yrs.

4 ( +4 / -0 )

Thefu,you invest money on something,you have no control of the outcome and can be manipulated by others,like Eli Lilly lost billion on a fake verified post on Twitter

0 ( +1 / -1 )

Tesla lost 61% of its value since Musk got involved with Twitter. We are about to witness the richest man in the world become one the most in debt in the world within the next year. Both companies are nosediving into the red.

-1 ( +1 / -2 )

Wow - what’s with all the Musk bashing ?

Seems like you’re all Jealous.

But he’ll be just fine, despite your nasty comments.

Twitter is getting millions of new subscribers joining every day.

his space-x project is going from strength to strength - just got awarded a $1 billion contract with nasa.

-3 ( +0 / -3 )

Bills to pay, miles to go. Stock is down 50%. He's got a SpaceX on standby for a quick exit.

0 ( +1 / -1 )

I’m buying 1500 shares of Tesla once it hits $150 a share.

people confusing Musk the person with Tesla the company, to my benefit.

-2 ( +1 / -3 )

I’m buying 1500 shares of Tesla once it hits $150 a share.

...here's your chance. BUT, Warren Buffet's propositionnis better IMHO, buy TSMC, they pay a dividend, AND you're buying into TSLA upside because TSMC will be making the chip (advanced AI, expensive chip) that will go into every Tesla car AND robot.

0 ( +0 / -0 )

Called that one, 150.04 per share.

Yes TSMC is awesome too’ good luck with that one if you have it, also a super solid company.

-3 ( +0 / -3 )

Elon knows:

Tesla is executing better than ever! We don’t control the Federal Reserve. That is the real problem here.

so he sold, it goes down 5% more, he buys it back and later it goes up even 20%.

whats 15% on 3.58 billion dollars?

-1 ( +0 / -1 )

The best professional fund managers seldom outperform the market over time, but we have amateurs on the internet who think they have it all figured out. Sure thing.

3 ( +3 / -0 )

Consider that while Tesla's market capitalization is more than the combined market capitalization of the five largest auto makers in the world, Tesla products are only a bit over two percent of the total automotive market. By standard measures of stock value Tesla stock is over valued and ripe for a significant downward correction.

0 ( +0 / -0 )

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