Elon Musk Share Sale

This comes as Tesla's electric vehicle sales are declining globally and it is dealing with difficult times.

Tesla's finance chief Zachary Kirkhorn has stepped down after four years in the role, the world's most valuable automaker said and named accounting head Vaibhav Taneja in his place, sending shares down more than 3 percent on Monday. During his tenure, Tesla posted its first quarterly profit after it launched the mass-market Model 3 compact sedan.

Tesla reported a jump in second-quarter profits Wednesday as a series of price cuts translated into sharply higher car sales. The EV manufacturer reported profits of $2.7 billion (roughly Rs. 22,156 crore), up 20 percent on the year-ago level. Revenues surged 47 percent to $24.9 billion (roughly Rs. 2,04,334 crore).

OpenAI, the research firm that created ChatGPT, is in discussions for a tender offer with venture capital firms Thrive Capital and Founders Fund, according to a report. The company is reportedly in talks with the firms to sell shares from existing shareholders such as employees, in a tender offer that would value the firm at $29 billion (roughly Rs...

Tesla chief executive Elon Musk has sold $3.6 billion worth of shares in the electric vehicle firm, according to a filing in the United States Securities and Exchange Commission.

SpaceX has bought an advertising package on Twitter for its satellite internet service Starlink, said Elon Musk, who owns the rocket company and the social media platform that is seeing an exodus of advertisers. Companies including General Motors, General Mills, Mondelez International and Volkswagen AG paused advertising on the platform after Musk ...

Elon Musk offloaded $6.9 billion of stock in Tesla Inc., the billionaires biggest sale on record, saying he wanted to avoid a last-minute selloff of the electric-car makers shares in the event he is forced to go ahead with his aborted deal to buy Twitter Inc.

Elon Musk has sold Tesla shares worth $6.9 billion (roughly Rs. 54,880 crore) to be prepared with cash in case he is forced to go ahead with the Twitter acquisition deal. Musk last month announced terminating the agreement to buy Twitter, claiming the company has made “misleading representations” over the number of spam bots on the service. T...

Tesla exceeded Wall Street expectations from April through June with a better-than-expected $2.26 billion (roughly Rs. XXX crore) net profit for the quarter. The Texas-based company's second-quarter profit fell 32 percent from record levels in the first quarter. Experts note that the decrease in automobile revenues from the first quarter was offset...

Twitter revealed on Wednesday that it has not planned any companywide layoffs, but is looking at changes to the organisation and restructuring, ahead of its legal battle with Elon Musk over the sale of the microblogging service. The announcement came a day after Twitter sued Musk on Tuesday, trying to force him to complete his $44 billion (roughly ...

The Tesla chief executive for now appears to be sitting on around $8.5 billion in cash raised from selling shares of the automaker late in April to finance the Twitter acquisition.

Tesla announced on Saturday that its sales from April through June were at its lowest quarterly level since the last quarter of 2021, as the electric car manufacturer grapples with with supply chain challenges and Covid-19 pandemic restrictions in China. The company said it sold more than 254,000 cars and SUVs from April through June, representing ...

Twitter says it anticipates a shareholder vote on its $44 billion sale to Elon Musk could come by early August, as it continues to work constructively to complete the deal with the world's richest person, as per social media company's top executives.

Elon Musk's SpaceX is said to become the most valuable US startup as its valuation rose to over $125 billion in an ongoing share sale in the secondary market, according to sources familiar with the matter.

Elon Musk sold $8.5 billion worth of shares in Tesla, U.S. securities filings showed, in sales likely aimed at helping finance his planned purchase of Twitter Inc.

This comes as Tesla's electric vehicle sales are declining globally and it is dealing with difficult times.

Tesla's finance chief Zachary Kirkhorn has stepped down after four years in the role, the world's most valuable automaker said and named accounting head Vaibhav Taneja in his place, sending shares down more than 3 percent on Monday. During his tenure, Tesla posted its first quarterly profit after it launched the mass-market Model 3 compact sedan.

Tesla reported a jump in second-quarter profits Wednesday as a series of price cuts translated into sharply higher car sales. The EV manufacturer reported profits of $2.7 billion (roughly Rs. 22,156 crore), up 20 percent on the year-ago level. Revenues surged 47 percent to $24.9 billion (roughly Rs. 2,04,334 crore).

OpenAI, the research firm that created ChatGPT, is in discussions for a tender offer with venture capital firms Thrive Capital and Founders Fund, according to a report. The company is reportedly in talks with the firms to sell shares from existing shareholders such as employees, in a tender offer that would value the firm at $29 billion (roughly Rs...

Tesla chief executive Elon Musk has sold $3.6 billion worth of shares in the electric vehicle firm, according to a filing in the United States Securities and Exchange Commission.

SpaceX has bought an advertising package on Twitter for its satellite internet service Starlink, said Elon Musk, who owns the rocket company and the social media platform that is seeing an exodus of advertisers. Companies including General Motors, General Mills, Mondelez International and Volkswagen AG paused advertising on the platform after Musk ...

Elon Musk offloaded $6.9 billion of stock in Tesla Inc., the billionaires biggest sale on record, saying he wanted to avoid a last-minute selloff of the electric-car makers shares in the event he is forced to go ahead with his aborted deal to buy Twitter Inc.

Elon Musk has sold Tesla shares worth $6.9 billion (roughly Rs. 54,880 crore) to be prepared with cash in case he is forced to go ahead with the Twitter acquisition deal. Musk last month announced terminating the agreement to buy Twitter, claiming the company has made “misleading representations” over the number of spam bots on the service. T...

Tesla exceeded Wall Street expectations from April through June with a better-than-expected $2.26 billion (roughly Rs. XXX crore) net profit for the quarter. The Texas-based company's second-quarter profit fell 32 percent from record levels in the first quarter. Experts note that the decrease in automobile revenues from the first quarter was offset...

Twitter revealed on Wednesday that it has not planned any companywide layoffs, but is looking at changes to the organisation and restructuring, ahead of its legal battle with Elon Musk over the sale of the microblogging service. The announcement came a day after Twitter sued Musk on Tuesday, trying to force him to complete his $44 billion (roughly ...

The Tesla chief executive for now appears to be sitting on around $8.5 billion in cash raised from selling shares of the automaker late in April to finance the Twitter acquisition.

Tesla announced on Saturday that its sales from April through June were at its lowest quarterly level since the last quarter of 2021, as the electric car manufacturer grapples with with supply chain challenges and Covid-19 pandemic restrictions in China. The company said it sold more than 254,000 cars and SUVs from April through June, representing ...

Twitter says it anticipates a shareholder vote on its $44 billion sale to Elon Musk could come by early August, as it continues to work constructively to complete the deal with the world's richest person, as per social media company's top executives.

Elon Musk's SpaceX is said to become the most valuable US startup as its valuation rose to over $125 billion in an ongoing share sale in the secondary market, according to sources familiar with the matter.

Elon Musk sold $8.5 billion worth of shares in Tesla, U.S. securities filings showed, in sales likely aimed at helping finance his planned purchase of Twitter Inc.