Connect with us
Elon Musk hasnt done this since 2016 he sold Elon Musk hasnt done this since 2016 he sold

Electric Cars

Elon Musk hasn’t done this since 2016: he sold $ 7 billion worth of Tesla shares

Published

on

Tesla CEO Elon Musk continues to sell shares: he put up another 1.2 million shares for sale, receiving more than $ 1.2 billion for them.

Prior to that, Musk sold 4.434 million shares on November 9 and 10 for an estimated $ 5 billion. On November 11, Musk sold 639,737 shares for approximately $ 680 million in multiple transactions. In total, Musk has sold more than $ 7 billion of shares.

According to a recent poll, Musk is going to sell 10% or about 17 million shares, of which he has sold less than half so far. It’s worth noting that this is the first time Musk has sold stock since 2016. At the same time, the sale of Musk shares is so large that it even exceeds the initial public offering of shares of most companies.

Musk’s actions have raised some concerns in the market. Some investors believe that the sell-off, coupled with Tesla’s high valuation, could indicate that the uptrend in its share price is about to end. However, some analysts pointed out that, citing sales records and share price trends by founders of companies such as Amazon, Microsoft and Facebook, Musk’s dumping of some of the company’s shares will not affect Tesla’s stock price in the long term.

As of November 10, after Musk sold $ 5 billion worth of Tesla shares, he was still Tesla’s largest shareholder, owning approximately 15.5% of the shares]. Amazon founder Jeff Bezos owns roughly 14% of Amazon, while Mark Zuckerberg owns 14% of Meta.

Click to comment

Leave a Reply

Your email address will not be published.

Electric Cars

The “aged” Toyota RAV4 has become more modern. A new version of the Mitsuoka Buddy crossover is presented

Published

on

The aged Toyota RAV4 has become more modern A new

The Japanese company Mitsuoka has introduced an updated retro crossover Buddy, which is an “aged” version of the popular Toyota RAV4 in the style of old American SUVs from the 70s.

According to Drom.ru, the changes include enlarged screens of the digital instrument panel and multimedia complex (the exact diagonals are not reported), as well as a full-time DVR, which will be installed from the factory.

The “aged” Toyota RAV4 has become more modern.  A new version of the Mitsuoka Buddy crossover is presented

Mitsuoka Buddy is offered in two versions to choose from. Buyers are available a pure gasoline version with a 2.0-liter engine and a hybrid with a 2.5-liter gasoline engine and an electric motor.

Production of the “aged” Toyota RAV4 began in June last year. The car differs from the Toyota crossover in its original body design. The front fenders, hood and bumper are made in the style of the Chevrolet K5 Blazer of the 1970-1980s. The headlights from the RAV4 were replaced with universal “rectangles”, the radiator grille is made in the form of a nickel-plated “grill”, and the original bumper with a chrome trim and vertical lights from Cadillac integrated through the adapter is installed at the back.

The “aged” Toyota RAV4 has become more modern.  A new version of the Mitsuoka Buddy crossover is presented

The original Buddy body panels are made from polypropylene and molded ABS plastic.

Continue Reading

Electric Cars

Tesla Semi production has finally begun – almost 5 years after the announcement. Pepsi will receive electric trucks on December 1, 2022

Published

on

Tesla Semi production has finally begun almost 5 years

According to CEO Elon Musk’s announcement, Tesla has begun production of its Semi electric truck and plans to begin shipping it to Pepsi as early as December 1, 2022.

The soft drink company ordered 100 electric vehicles in December 2017, just a month after Tesla first unveiled its new creation to the world.

Tesla promises that the Semi can accelerate from 0 to 96 km/h mph in 20 seconds even when “fully loaded” and maintain “the same speed as on the highway, even on steep climbs.” It also promises that you can charge your battery up to 70% in just 30 minutes. The power reserve, depending on the version, will be from 480 to 800 km. In Musk’s own words, “driving a car is a lot of fun.”

Tesla Semi production has finally begun - almost 5 years after the announcement.  Pepsi will receive electric trucks on December 1, 2022

Until 2022, there was little news about the car. In May, Tesla began accepting orders and taking a $20,000 deposit, and in August, Musk said deliveries of the 500-mile-range version of the truck would begin this year.

Tesla has pushed back the release dates of its vehicles many times. The Cybertruck pickup has been delayed several times, with Musk saying deliveries will now begin in 2023. The second-generation Tesla roadster that was announced alongside the Semi was originally expected in 2020 but has yet to be released.

Continue Reading

Electric Cars

This is Honda’s first electric crossover, and it’s big. The company showed the Prologue model

Published

on

This is Hondas first electric crossover and its big The

Honda has fully shown its first electric Prologue crossover, which it nominally announced back in May.

This is Honda's first electric crossover, and it's big.  The company showed the Prologue model

Unfortunately, now we are also not talking about a full announcement, since most of the characteristics remain unknown. But this is due to the fact that the car will hit the market only in 2024, so some of the specifications are probably simply not yet approved.

This is Honda's first electric crossover, and it's big.  The company showed the Prologue model

It is known that Prologue was developed by Honda together with General Motors. It is also known that the car will be larger than the CR-V. The length will be almost 4880 mm, and the wheelbase will be almost 3094 mm.

This is Honda's first electric crossover, and it's big.  The company showed the Prologue model

From the rest, an 11-inch digital instrument panel and the same infotainment screen are reported.

Continue Reading

Most Popular