AFP via Getty Images Key Takeaways: Elon Musk closed a $44 billion deal to takeover Twitter Investors are waiting to see if he’ll move the company private Q.ai’s Emerging Tech Kit can help tech investors navigate uncertainty Elon Musk closed a $44 billion deal—including over $20 billion of his own fortune—to take Twitter private at…
Topline As he looks to finance his massive acquisition of social media company Twitter, Elon Musk sold another 5.2 million shares of Tesla for roughly $4.5 billion, bringing his total share sales this week to nearly 10 million, according to new filings with the Securities and Exchange Commission released on Friday. Musk offloaded another 5.2…
Topline Tesla shares collapsed Tuesday as investors continued to digest the implications of Twitter’s acceptance of CEO Elon Musk’s $44 billion bid for the social media giant, tacking onto already-staggering losses spurred by the Federal Reserve’s looming interest rate hikes. “Tesla shareholders can’t be happy” about the Twitter deal potentially diverting Elon Musk’s … [+]…
Topline Tesla shares collapsed Tuesday as investors continued to digest the implications of Twitter’s acceptance of CEO Elon Musk’s $44 billion bid for the social media giant, tacking onto already-staggering losses spurred by the Federal Reserve’s looming interest rate hikes. “Tesla shareholders can’t be happy” about the Twitter deal potentially diverting Elon Musk’s … [+]…
22 February 2022, Hamburg: The Tesla logo can be seen on a smartphone against a red background. … [+] Photo: Daniel Reinhardt/dpa (Photo by Daniel Reinhardt/picture alliance via Getty Images) dpa/picture alliance via Getty Images Tesla TSLA posted a better-than-expected set of Q1 2022 results, with revenues growing by 81% year-over-year to $18.76 billion, and…
Topline Tesla billionaire Elon Musk railed against regulators Monday morning after a court filing unearthed dozens of text messages between him and a Saudi investor discussing a deal to take the electric carmaker private—fanning the flames of a four-year-old spat that forced Musk to step down as Tesla chairman and pay $40 million in penalties…
Topline The stock market reversed gains and moved lower on Thursday following comments from Federal Reserve Chair Jerome Powell, who signaled aggressive interest rate hikes ahead while all but confirming market expectations of a half-percentage point increase at the central bank’s next policy meeting in May. It is “appropriate” to be “moving a little more…
Warren Buffett’s Berkshire Hathaway owns 7.7% of China EV maker BYD. (Photo by Dimitrios … [+] Kambouris/Getty Images) Getty Images BYD, the China-based vehicle and battery maker backed by Warren Buffett’s Berkshire Hathaway, said today net profit in the first three months of 2022 soared by as much as 300% from a year earlier amid…
Topline The stock market moved lower on Monday—extending a recent losing streak—while rates surged ahead of a big week of quarterly earnings results, with investors remaining nervous about the impact of surging inflation on corporate profits and consumer spending. Investors are closely watching how inflation hits highly anticipated earnings from American … [+] Airlines, United…
Topline As speculation continues to swirl around Elon Musk’s $43 billion offer to buy Twitter, more Wall Street analysts are downgrading shares of the social media company, remaining skeptical of the takeover bid and warning it could drag the stock lower. Uncertainty around Musk’s offer to buy Twitter is a “downside risk,” according to experts.…