Musk’s Twitter Poll on Selling His Tesla Shares Turned Out to Be a Prank
Tesla CEO Elon Musk sold $1.1 billion worth of company stock for tax reasons on Monday, according to financial filings.
The sale amounts to more than 930,000 shares, worth over $1.1 billion, leaving him with over 170 million shares.
Ahead of the move, the billionaire and the World's richest man took to Twitter to ask his audience whether he should sell 10% of Tesla's stock. The company filings later revealed that he had, actually, known that the sale would be made back on September 14.
Tesla shares ended the day at $1,067.95 and were additionally up 3.94% in Thursday’s premarket trade.
China Becomes Concerned about “Quasi-Stagflation” as Developers Face Mounting Troubles
According to Bloomberg, Liu Shijin, an adviser to the People’s Bank of China, the country’s economy may face a period of “quasi-stagflation” with relatively slow growth and excessively high producer-price inflation.
Largest U.S. Department Stores Upbeat on Upcoming Holiday Shopping Season
Macy's (M) stocks rallied after reporting comparable sales increased 37.2% on a comparable basis in Q3 and were up 35.6% on an owned-plus-licensed basis during the quarter.
J&J’s Company Split Action May Trigger Series of Biochemical and Pharma Corporate Restructurings
Johnson & Johnson (JNJ) is the latest big, diversified company to announce it is breaking into smaller parts.
