Twitter’s new owner Elon Musk has unloaded another 22 million shares of his publicly-traded electric automaker Tesla, raising north of $3.5 billion
The move follows a sale in November of 19.5 million shares of Tesla and that company’s stockholders are growing increasingly restless and vocal about the founder and CEO’s commitment and highly public distractions with his latest venture. In April, when Musk also divested a big chunk of Tesla ahead of his $44-billion Twitter takeover, he promised there would be no more selling of Tesla stock but sold another tranche in November.
No reason was given. But Twitter has high debt and corresponding high interest payments and by Musk’s own admission is suffering a sharp downturn in revenue and burning through cash. He has been slashing costs amid mass layoffs. This week he Tweeted: “At risk of stating obvious, beware of debt in turbulent macroeconomic conditions, especially when Fed keeps raising rates.” The Federal reserve increased interest rates by 0.5% yesterday — the seventh rate hike since March.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Tesla Investors Furious at Elon Musk for Vanishing During Crisis to Play With Shiny New TwitterTesla share are on yet another nosedive this week — and investors are getting increasingly furious at CEO Elon Musk for failing to actually run the company.
Weiterlesen »
After Tesla stock slide, Elon Musk is no longer richest person in the world, Forbes saysTwitter CEO Elon Musk lost his richest person in the world title Forbes said after Telsa stock continued to drop. Bernard Arnault took the title.
Weiterlesen »
Tesla shares have fallen 28% since Elon Musk took over Twitter, lagging other carmakersMusk sold billions of dollars worth of his Tesla holdings to finance the Twitter takeover and has been embroiled in controversy ever since.
Weiterlesen »
Elon Musk No Longer Richest Man Alive As Tesla Stock Falters | CarscoopsElon Musk No Longer Richest Man Alive As Tesla Stock Falters | Carscoops carscoops
Weiterlesen »
Elon Musk loses spot as the richest person in the world as Tesla shares dropThe net worth of the richest person in the world beats Elon Musk’s – by more than $11 billion.
Weiterlesen »
After Tesla stock slide, Elon Musk is no longer richest person in the world, Forbes saysTwitter CEO Elon Musk lost his richest person in the world title Forbes said after Telsa stock continued to drop. Bernard Arnault took the title.
Weiterlesen »