EDUSELL
Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Crypto News

Elon Musk Sells Tesla’s Shares

Admin by Admin
November 9, 2022
in Crypto News
0
Elon Musk Warns Of Severe Recession On Further Rate Hikes
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter
Webinar Webinar

Tesla Founder and CEO, Elon Musk, has sold 19.5 million shares of Tesla. So far, Musk has not explained the reason for this sale. Tesla’s stock continues to struggle. It fell by 2.93% in the last 24 hours and fell a further 0.68% in the after-hours.

Elon Musk is currently handling a smooth transition of power at the newly acquired Twitter. Musk initially offered to purchase Twitter at $44 billion. This equates to a price of $54.20 per share. However, Musk pulled out of the deal claiming that Twitter underreported its bots issue.

The last time Musk sold his Tesla shares, he was engaged in a legal battle with Twitter. He informed his followers that the sale was a preparation for an emergency scenario in case Twitter forces him to close the deal. He also stated that he will not sell his shares again for a long time.

Since then, Musk informed the Twitter board that he will acquire Twitter at the original price. He fired the CEO, CFO, and many senior executives along with the Twitter board. However, despite all-time high usage after the acquisition, the company may be struggling financially. Several major companies such as United Airlines, Pfizer, and Audi have pulled their advertisements from the platform.

Musk showed a significant shift in his tone regarding content moderation after the acquisition. He reiterated several times that the company has not made any changes to the moderation policies. The macroeconomic downturn may also be the reason behind the Tesla shares sale.

Due to economic uncertainty, Tesla sold a lot of its Bitcoin holdings for cash. Musk and Tesla both hold a significant amount of crypto. With Musk selling Tesla shares, whether or not he offloads his crypto holding becomes a major issue.

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Tags: CryptoElon MuskTesla
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

Binance Proof-Of-Reserve Pledge Earns Support Following FTX Crisis

Next Post

FTX ‘s Collapse Might Fail SBF to Lobby Crypto Regulation

Admin

Admin

Next Post
FTX Lawsuit Against Shaq Takes A Wild Turn

FTX 's Collapse Might Fail SBF to Lobby Crypto Regulation

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
Mayowa Owolabi on battles traders need to fight

Battle Every Trader Must Fight (Part 1)- Mayowa Owolabi

August 31, 2022
Meta (Ex-Facebook) Fined €1.2 Billion In Landmark EU Ruling

Meta Verified Shows A Company Running Out of Ideas

February 22, 2023
XAGUSD pair

XAG/USD Climbs to Mid-$19.00s

4
Premier League Considering Partnership With NFT Crypto Platform

Premier League considering partnership with NFT crypto platform

2
EUR/USD pair

EUR/USD Recovers from 20-year Lows

2
Binance CEO Supports Terra Classic Raising LUNC Burn Tax To 0.5%

Binance Proof-Of-Reserve Pledge Earns Support Following FTX Crisis

2
SEC And CFTC Find clarity In New Legislation To Regulate Crypto

SEC And CFTC Find clarity In New Legislation To Regulate Crypto

June 7, 2023
SEC Aiming To Freeze BinanceUS Assets   

SEC Sues Coinbase Just Hours After Binance

June 7, 2023

With Binance Lawsuit SEC Extends Its Regulatory Oversight Over $115 Billion Assets

June 7, 2023
BTC Price Drops Another 3% In Major Decoupling From AI Tech Stocks

Cboe Gets Approval For Margin Trades Of Bitcoin Futures, Opens Gates For Spot Trading

June 7, 2023

Recent News

SEC And CFTC Find clarity In New Legislation To Regulate Crypto

SEC And CFTC Find clarity In New Legislation To Regulate Crypto

June 7, 2023
SEC Aiming To Freeze BinanceUS Assets   

SEC Sues Coinbase Just Hours After Binance

June 7, 2023

With Binance Lawsuit SEC Extends Its Regulatory Oversight Over $115 Billion Assets

BTC Price Drops Another 3% In Major Decoupling From AI Tech Stocks

Cboe Gets Approval For Margin Trades Of Bitcoin Futures, Opens Gates For Spot Trading

June 7, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Entertainment
  • Forex News
  • Gaming
  • Review
  • Reviews
  • Stocks
  • Uncategorized

Recent News

SEC And CFTC Find clarity In New Legislation To Regulate Crypto

SEC And CFTC Find clarity In New Legislation To Regulate Crypto

June 7, 2023
SEC Aiming To Freeze BinanceUS Assets   

SEC Sues Coinbase Just Hours After Binance

June 7, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>