Tesla actiuni: Elon Musk sells 19 5 million Tesla shares worth almost $4 billion

While best-known for its cars, Tesla also focuses heavily on energy storage and solar-panel manufacturing. Amid an overall market decline, Twitter’s share price and the price of Tesla’s stock dropped after that. CEO Elon Musk sold 7.92 million shares of the company worth around $6.88 billion, according to a series of financial filings published Tuesday night.

Cheaper EV model, robotaxis, and a new Master Plan are expected by analysts at today’s event. Its revenue, however, managed to beat analysts expectations at $23.33bn against estimates of $23.21bn. You can start following the ups and downs of the Tesla stock price today by joining Capital.com. After reporting GAAP profitability for four consecutive quarters for the first time from July 2019 to June 2020, Tesla became eligible for inclusion in the S&P 500 Index . Join Capital.com to stay on top of the latest Tesla stock value and spot the best trading opportunities.

Elon Musk sells 19.5 million Tesla shares worth almost $4 billion

However, the stock soon recovered to hike past $400 and end the year at $418 per share. With Capital.com’s comprehensive Tesla stock chart, you can not only quickly view the current TSLA quote, but also trace the company’s shares value in historic terms. The company’s first car, the Tesla Roadster, was launched in 2008 and featured Tesla’s proprietary battery technology and electric powertrain. Since then, the firm has developed a number of other electric-powered vehicles and expanded its charging network worldwide.

Twitter has sued to ensure the Musk deal goes through for the promised price, which would represent a windfall for many of its shareholders. His transactions occurred between Aug. 5 and 9, the SEC filings revealed, following Tesla’s 2022 annual shareholders meeting on Aug. 4 in Austin, Texas. Your data is safe and your funds are kept in segregated bank accounts, in accordance with regulatory requirements. Take your analysis to the next level with our full suite of features, known and used by millions throughout the trading world.

Tesla, Inc, formerly known as Tesla Motors, Inc, is an American electric vehicle and clean energy company. The California-based business specialises in the development, design, manufacture and sale of energy generation and storage systems, as well as the world-renowned fully electric vehicles. Additionally, the company offers supercharger stations and vehicle service centres. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 86% of retail investor accounts lose money when trading CFDs with this provider.

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Musk did not take to Twitter to explain why he sold shares, but it’s possible the money will go toward his $44 billion deal to buy the social media platform, which went through last month. The celebrity executive disposed of 19.5 million shares Tuesday, which is worth about $3.95 billion, according to three filings with the U.S. Tesla is Leading the S&P 500 DownFrom March 2020 to January 2022 the SPX gained a spectacular 120%. The last time a U.S. stock index had a similar gigantic gain was the Nasdaq blowoff in the late 1990’s. Many of the stocks leading that mania had incredible gains that were subsequently lost in the 2000 to 2002 bear market. The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in.

Plus500SG Pte Ltd holds a capital markets services license from the Monetary Authority of Singapore for dealing in capital markets products (License No. CMS100648). Tesla and Rivian stocks dropped over the course of recent trading days following announcements by the electric vehicle firms’ executive teams. Tesla’s recently announced price cuts might help Tesla, but they aren’t doing the electric vehicle market any favors. 84% of retail investor accounts lose money when trading CFDs with this provider. Tesla global vehicle sales rose from 245,240 units in 2018 to 367,849 units in 2019, representing a growth of nearly 50 per cent. Tesla closed at $850, down just over 2% for the day on Tuesday, before Musk’s insider sales worth nearly $7 billion were made public through SEC filings.

In 2019, Tesla ranked as the world’s best-selling plug-in and battery electric passenger car manufacturer, both as a brand and by automotive group. In the first half of 2020, its cars accounted for 81 per cent of the battery electric vehicles sold in the US. On May 22, 2019, shares of the electric-vehicle maker fell below the $200 mark for the first time in more than two years.

Elon Musk has come on record to explain Tesla’s recent underperformance. Tesla’s earnings beat has shown that despite rising electricity prices and lowered demand – EVs are still in. Today, the business runs a number of production and assembly plants, with its main vehicle manufacturing facility, the Tesla Factory, located in Fremont, California. Other facilities include Giga New York, Giga Nevada and Giga Shanghai. Sign Up NowGet this delivered to your inbox, and more info about our products and services. He also said he would buy some of his shares back if he doesn’t have to go through with the Twitter acquisition.

Musk did not specify which equity partners he feared would abandon plans to finance a Twitter take-private transaction with him. Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority . Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039). Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority . Plus500CY is the issuer and seller of the financial products described or available on this website. Musk’s controversial Twitter purchase, inflation, interest rates, and supply chain issues took a toll on Tesla shares in 2022.

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On January 10, 2020, with a market capitalisation of $86bn, Tesla became the most valuable American automaker to ever exist. On January 29, it surpassed Volkswagen as the world’s second-most valuable automaker by market capitalisation. On July 1, Tesla reached a market capitalisation of $206bn, overtaking Toyota as the world’s most valuable automaker.

He accused Twitter of failing to give him all the information he needed to go ahead with the acquisition, and of understating the number of bots, spam and fake accounts on its platform. Tesla shares are traded on the NASDAQ under the ticker symbol TSLA. Browse our live Tesla share price chart to get all the information you need on TSLA stock today. To be able to trade stocks like this, create an account and apply for a stock listing.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. During the broader stock market sell-off caused by the Covid-19 pandemic, the TSLA stock price dropped to $361 on March 18, 2020. However, on the next day, the company’s shares soared to $427.64, marking the beginning of the stock’s stellar surge. On August 12, Tesla announced a 5-for-1 stock split to take effect on August 31. The TSLA share price reached an intraday high of $2,129 on August 24. That week, SEC filings revealed Musk had been selling a block of shares in his electric car maker worth about about $8.4 billion.