Tesla Earnings Beat but Margins Decline, sold $936 Million Bitcoin to Raise Cash

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  • #40582
    ThePitBoss
    Participant

    Tesla reported Q2 earnings after the market close Wednesday. $TSLA beat by $0.46 and reported revenues in-line and reaffirmed the expectation to achie
    [See the full post at: Tesla Earnings Beat but Margins Decline, sold $936 Million Bitcoin to Raise Cash]

    #41603
    MoneyNeverSleeps
    Participant

    Tesla (TSLA) announces that its Board has approved previously announced intention to do a 3-for-1 stock split; trading on split-adjusted basis to begin on August 25

    Tesla (TSLA) agrees to $5 bln deal to purchase battery materials from Indonesia, according to Reuters

    #41604
    MoneyNeverSleeps
    Participant

    Tesla (TSLA): California DMV accused the company of falsely advertising its Autopilot features, according to LA Times

    #41659
    TradersCom
    Keymaster

    Musk sells $US6.9b of Tesla shares, US SEC filings show

    Elon Musk sold $6.9 billion of shares in Tesla Inc, according to regulatory filings Tuesday, the first time he has sold stock in the car maker since dropping his bid to buy Twitter Inc.

    Tesla’s chief executive officer offloaded the shares on August 5, according to the new filings. Musk has now sold around $32 billion worth of stock in the electric-car maker in the past 10 months. The purpose of the latest sales wasn’t immediately clear.

    Tesla’s stock slumped late last year as Musk offloaded more than $US16 billion worth of shares, his first sales in more than five years. The disposals started in November after Musk polled Twitter users on whether he should trim his stake.

    The shares have risen about 35 per cent from their recent lows in May.

    With a $US250.2 billion fortune, Musk is the world’s richest person, according to the Bloomberg Billionaires Index. His wealth has fallen $US20 billion this year as Tesla shares fell from around $US1200 at the start of the year.

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