NEW YORK, Nov 11 (Reuters) – If trading in the shares of Amazon, Microsoft, Facebook and other billionaire-owned companies is any indication, Tesla co-founder Elon Musk unloading part of his stake in the company may not be bad for the electric carmaker’s shares over the long term. Musk, who sold roughly $5 billion worth Tesla… Continue reading Analysis-Musk’s Tesla sales cause a stir, but billionaires sell stock all the time
Tag: Tesla
Elon Musk sells $5bn in Tesla shares after Twitter poll
Tesla Chief Executive Elon Musk sold about $5 billion in shares, the billionaire reported in filings on Wednesday, just days after he polled Twitter users about selling 10% of his stake. In his first share sale since 2016, Musk’s trust sold nearly 3.6 million shares in Tesla, worth around $4 billion, while he also sold… Continue reading Elon Musk sells $5bn in Tesla shares after Twitter poll
Tesla/Musk: 280-character chronicle of a share sale foretold
It was prudent for the man in the driving seat to take some cash off the table Go to Source
Tesla money train enriches more than just CEO
SpaceX owner and Tesla CEO Elon Musk speaks at the E3 gaming convention in Los Angeles, June 13, 2019. REUTERS/Mike Blake/File Photo NEW YORK, Nov 11 (Reuters Breakingviews) – It’s characteristic of Elon Musk that he polled Twitter about whether he should sell 10% of his stake in $1 trillion electric-car maker Tesla (TSLA.O) read… Continue reading Tesla money train enriches more than just CEO
SK on started the manufacturing of the world’s first ‘Dream Battery’, starting the era of ‘9-1/2-1/2 batteries’
<SK Chairman Tae-won Chey (left) had a meeting with Georgia State Senator Jon Ossoff at the SK Seorin office building in Jongno-gu, Seoul on the evening of the 9th.> SK on announced on the 10th that they will mass-produce the world’s first ‘9-1/2-1/2 Battery(or ‘Nine half half’)’, which is considered to be the best specification… Continue reading SK on started the manufacturing of the world’s first ‘Dream Battery’, starting the era of ‘9-1/2-1/2 batteries’
Volkswagen CEO seeks to cool dispute over plant jobs – Yahoo Finance UK
Volkswagen’s CEO has firmly rejected claims of planned job cuts at its flagship plant, with the auto giant instead unveiling plans for a new electric car factory to rival Tesla. There was “no plan to close 30,000 posts” in Wolfsburg and “every site has a future”, chief executive Herbert Diess said in an video shared… Continue reading Volkswagen CEO seeks to cool dispute over plant jobs – Yahoo Finance UK
Autos & TransportationRivian valued at over $100 bln in debut, after world’s biggest IPO of 20211:27 AM UTC
Nov 10 (Reuters) – Shares of Rivian Automotive Inc (RIVN.O) surged as much as 53% in its Nasdaq debut on Wednesday, giving the Amazon-backed electric vehicle maker a market valuation of more than $100 billion after the world’s biggest initial public offering this year. Rivian shares closed at $100.73, marking a nearly 30% jump from… Continue reading Autos & TransportationRivian valued at over $100 bln in debut, after world’s biggest IPO of 20211:27 AM UTC
Amazon-backed electric vehicle maker Rivian races to huge stock market debut after IPO
(Rivian Photo) Rivian, the electric vehicle maker with substantial backing from Amazon, is arriving with a roar in its public debut on the Nasdaq exchange today. Rivian set its IPO price at $78/share on Tuesday, valuing the startup at around $70 billion. But the stock opened at $106.75/share in its first trade and was soon… Continue reading Amazon-backed electric vehicle maker Rivian races to huge stock market debut after IPO
Amazon-backed Tesla rival Rivian raises nearly $12B in blockbuster IPO
TipRanks 2 “Strong Buy” Dividend Stocks With 8% Dividend Yield Let’s talk about rising markets, and whether or not to buy in. That’s the question that investors need to consider right now, as the major indexes have hit record highs – but the economy is flashing signs of concern for those who care to look.… Continue reading Amazon-backed Tesla rival Rivian raises nearly $12B in blockbuster IPO
Rivian CEO sees annual production capacity of at least 1 mln vehicles before 2030
By Ben Klayman, Paul Lienert 4 Min Read DETROIT (Reuters) – Electric vehicle startup Rivian Automotive Inc plans to be building at least one million vehicles annually by the end of the decade, its chief executive said on Tuesday, as it sets its sights on market leader Tesla Inc. FILE PHOTO: R.J. Scaringe, Rivian’s 35-year-old… Continue reading Rivian CEO sees annual production capacity of at least 1 mln vehicles before 2030