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© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.Musk sells $3.58 bil worth of Tesla stock
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Sh1mon M4sada
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.
Yrral
Twitter is bleeding,thank to Musk
dagon
Let me guess, it must be the woke mob of financial investors that are sabotaging Musk's plans with Twitter?
TokyoLiving
Tesla goes from bad to worse...
And this is only the beginning..
Waaahahahahahaaa!!!...
theFu
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.
Yrral
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
Nibek32
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.
tooheysnew
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.
wallace
Bills to pay, miles to go. Stock is down 50%. He's got a SpaceX on standby for a quick exit.
Blacklabel
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.
Sh1mon M4sada
...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.
Blacklabel
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.
Blacklabel
Elon knows:
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?
Desert Tortoise
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.
Desert Tortoise
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.