Latest News

Big Short’s Michael Burry Thinks Elon Musk ‘Just Wants to Sell Tesla’

0

Reuters

Tesla’s market value falls below $1 trillion after Musk tweets

Tesla Inc’s stock extended its recent selloff on Monday, pushing the electric-car maker’s market value below $1 trillion as investors reacted to CEO Elon Musk’s recent share sales of a combined $6.9 billion. Tesla’s stock dropped 4.2% to about $989, leaving the company’s market capitalization down about $230 billion since before Musk began selling shares last week. The latest stock decline follows a Sunday dispute on Twitter between Musk, the world’s richest person, and Bernie Sanders after the U.S. senator demanded that the wealthy pay their “fair share” of taxes.

Entirely possible that we’ll see low interest rates forever, asset manager says

Previous article

Oil and gas will be in the global energy system ‘for decades,’ BP chief says

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in Latest News