Twitter’s stock soared in pre-market trading on Monday after Tesla CEOElon Muskdisclosed a more than 9 percent stake in the social media giant, making him one of its largest shareholders. As of 7:25 a.m. ET, Twitter shares were up more than 24 percent at $48.81. In a filing with ...
Tesla announced on Thursday it plans to offer $2 billion of common stock. CEO Elon Musk will buy as much as $10 million of stock in this offering, while board member Larry Ellison will also purchase up to $1 million. The move comes two weeks after Musk declared that Tesla d...
Tesla chief executive Elon Musk has said he will not sell any more of his stock in the company for two years. Mr Musk, who founded the electric vehicle-maker, was speaking on a Twitter Spaces audio chat when he said the economy is likely to be in a "serious recession" next year. ...
The Stock Market]]>Ben Carlson
Tesla CEO Elon Musk announced on Thursday that he would not sell any more Tesla stock for approximately two years. In a Twitter Spaces audio chat, Musk stated that he expects a “serious recession” in 2023 and a decrease in demand for high-cost items. ...
Musk has been criticized recently by the likes of Senator Bernie Sanders and former Secretary of Labor Robert Reich for allegedly avoiding paying income taxes despite hisrising net worth. These critics seem to overlook the fact that Musk can only pay taxes if he sells Tesla stock—something he’...
Months after claiming he was done selling Tesla stock, Tesla CEO Elon Musk has sold off another $3.95 billion worth of Tesla shares, according to filings.
For all of Elon Musk’s idiosyncrasies that frequently put him in the spotlight (andlawsuitswith the U.S. Securities and Exchange Commission, for that matter), it’s hard to deny his business acumen. Yes, Tesla shares plummeted Thursday. The figure was so bad that it’s the stock’s ste...
Elon Musk faces a tax bill of over $15 billion in the coming months on stock options, making a sale of Tesla stock this year likely regardless of the Twitter vote.
Elon Musk recently purchased 9.2% of Twitter stock, according to a filing Monday, making him the largest shareholder in the company. News of the purchase sent shares of Twitter (TWTR) soaring 22% in early trading. Musk did not disclose what he paid for the shares, but his stake was wor...