Trump will receive an additional 36 million shares, worth about $1.15 billion, if the stock closes above a $17.50 minimum share price.
Musk’s announcement was aimed at calming nervous investors on Wall Street who were still trying to digest the company’s most recent earnings report.
The Musk-led firm’s revenue fell in the first quarter as it handed over fewer electric vehicles to customers due to slowing demand and intense competition worldwide.
Tesla’s rocky year — plagued by price cuts, recalls and layoffs — continued Monday as shares of Elon Musk’s electric vehicle company dropped more than 3% ahead of Tuesday’s much-anticipated quarterly earnings. Tesla stock fell for the seventh straight day, closing at $142.05, its lowest price since closing at $133.42 on Jan. 20, 2023. Since
Tesla is voluntarily recalling nearly 4,000 Cybertrucks due to a problem with the accelerator pedal while Elon Musk recently dropped down the list of the world’s richest people.
Tesla has officially recalled its Cybertruck after finding a flaw with the pedal. Approximately 3,878 vehicles are under the recall announced Friday. READ MORE: Elon Musk quietly confirmed that
OpenAI will represent about 4% of the Ark venture fund’s holdings.
Earnings miss notwithstanding, momentum continued to build for Tesla's stock, which was rallying 11% in after hours trading. That's in large part because the EV maker said it plans on adding to its lineup and marketing a cheaper EV as early as next year, while investing in robotaxis as well. These
MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) Chairman Michael J. Saylor sold 5,000 shares of the company's stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $1,489.82, for a total value of $7,449,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Salesforce, Inc. (NYSE:CRM – Get Free Report) CEO Marc Benioff sold 15,000 shares of the stock in a transaction on Friday, April 12th. The shares were sold at an average price of $295.74, for a total value of $4,436,100.00. Following the completion of the sale, the chief executive officer now owns 12,928,721 shares in the […]
Moderna, Inc. (NASDAQ:MRNA - Get Free Report) Director Noubar Afeyan sold 15,000 shares of the company's stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $107.12, for a total transaction of $1,606,800.00. Following the completion of the transaction, the director now owns 2,071,931 shares of the company's stock, valued at $221,945,248.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC...
A strike by Tesla mechanics in Sweden, among the country's longest labour disputes, continues to disrupt operations, a union said on Wednesday, and is drawing scrutiny from investors despite Elon Musk saying the storm is over. For months Tesla has been under pressure in the Nordics, with sympathy actions since October backing Swedish IF Metall's mechanics' demand for a collective agreement. Postal workers, garbage collectors, repair centres, port workers, electricians, and cleaners are among...