Tesla share price

2022 - 4 - 27

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Image courtesy of "The New York Times"

How a Musk Sale of Tesla Stock Might Affect Markets (The New York Times)

Tesla is highly traded, and Elon Musk's sale of more than $16 billion worth of stock last year did not appear to push share prices lower.

A lot about Mr. Musk’s plan to buy Twitter is unknown, including how involved he would be. Among those who believe in Tesla’s valuation, which is much higher than rival automakers’ relative to the size of its operations, a lot of the argument depends on Mr. Musk’s stewardship. Even Tesla acknowledges this, stating as a risk in its most recent quarterly report: “We are highly dependent on the services of Elon Musk, techno-king of Tesla and our chief executive officer. Tesla is a component in both the S&P 500 and the Nasdaq composite index. But in the past six months, Tesla shares have twice fallen nearly 12 percent, on Nov. 9 and Jan. 27. Its stock’s drop of 3.7 percent on Tuesday contributed more to the overall index’s decline. Such sales would have to be reported to the Securities and Exchange Commission, but those reports are not instantaneous. He would need to sell nearly 24 million shares at Tuesday’s price to generate $21 billion in cash. Mr. Musk’s financing package for Twitter also includes $12.5 billion in loans using his Tesla shares as collateral. Tesla’s shares have lost about 20 percent of their value since Mr. Musk first revealed that he had bought a big stake in Twitter, kicking off takeover speculation. Even for Mr. Musk, who is worth well north of $200 billion, that’s a lot of cash to come up with. Given Tesla’s enormous market capitalization and its inclusion in major stock indexes, almost everybody with a 401(k) probably owns some Tesla stock.

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Image courtesy of "The New York Times"

Twitter and Elon Musk News: Live Updates (The New York Times)

What Twitter's deal documents tell us. · Musk may be about to sell some Tesla stock. How would that affect markets? · Those dedicated to limiting harmful posts ...

Since Mr. Musk disclosed that he had bought a large stake in Twitter, the company’s stock is up 26 percent. It’s not unusual for the shares of an acquisition target, like Twitter, to trade for less than what a suitor has promised to pay for them. And this is what’s so dizzying about living in a society with individuals who control so much wealth, he writes: Their whims can be made into reality with startling ease — and their whims can be shaped by the same dumb websites we all use to waste company time. “Do I think Elon Musk is going to be a vanguard about addressing the problems of disinformation and rising extremism? In fact, shares of Twitter fell nearly 4 percent on Tuesday, the day after the deal was announced, to less than $50 per share. That could temper some of the “sky is falling” fears of his takeover. Even Tesla acknowledges this, stating as a risk in its most recent quarterly report: “We are highly dependent on the services of Elon Musk, techno-king of Tesla and our chief executive officer. Among those who believe in Tesla’s valuation, which is much higher than rival automakers’ relative to the size of its operations, a lot of the argument depends on Mr. Musk’s stewardship. Twitter would have to pay Musk $1 billion if it enters into a deal with another bidder, and Mr. Musk would have to pay Twitter the same if financing for the deal falls apart. Tesla is a component in both the S&P 500 and the Nasdaq composite index. According to the document, if Twitter loses all or most of its users before the deal “by reason of the identity of Elon Musk,” there is no backing out. Mr. Musk recently pinned a tweet to his profile addressing his free speech philosophy: “By ‘free speech,’ I simply mean that which matches the law.”

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Image courtesy of "The Guardian"

Concern over Elon Musk's Twitter takeover wipes $126bn off Tesla ... (The Guardian)

Investors have wiped $126bn (£100bn) off Tesla's value amid concern that Elon Musk may have to sell shares in the electric carmaker to fund his personal ...

He had already borrowed against about half of his Tesla shares. Twitter’s shares also slid on Tuesday, falling 3.9% to close at $49.68, even though Musk agreed to buy it on Monday for $54.20 a share in cash. The share fall also took place against a backdrop of difficult trading for tech stocks.

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Image courtesy of "The New York Times"

How Tesla Stock Price Might Affect Markets (The New York Times)

Tesla is highly traded, and Elon Musk's sale of more than $16 billion worth of stock last year did not appear to push share prices lower.

A lot about Mr. Musk’s plan to buy Twitter is unknown, including how involved he would be. Among those who believe in Tesla’s valuation, which is much higher than rival automakers’ relative to the size of its operations, a lot of the argument depends on Mr. Musk’s stewardship. Even Tesla acknowledges this, stating as a risk in its most recent quarterly report: “We are highly dependent on the services of Elon Musk, techno-king of Tesla and our chief executive officer. Tesla is a component in both the S&P 500 and the Nasdaq composite index. But in the past six months, Tesla shares have twice fallen nearly 12 percent, on Nov. 9 and Jan. 27. Its stock’s drop of 3.7 percent on Tuesday contributed more to the overall index’s decline. Such sales would have to be reported to the Securities and Exchange Commission, but those reports are not instantaneous. He would need to sell nearly 24 million shares at Tuesday’s price to generate $21 billion in cash. Mr. Musk’s financing package for Twitter also includes $12.5 billion in loans using his Tesla shares as collateral. Tesla’s shares have lost about 20 percent of their value since Mr. Musk first revealed that he had bought a big stake in Twitter, kicking off takeover speculation. Even for Mr. Musk, who is worth well north of $200 billion, that’s a lot of cash to come up with. Given Tesla’s enormous market capitalization and its inclusion in major stock indexes, almost everybody with a 401(k) probably owns some Tesla stock.

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Image courtesy of "Financial Times"

FirstFT: Tesla shares tank on fears over Twitter deal funding (Financial Times)

Plus, European energy prices soar and US probes Chinese chipmaker.

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Image courtesy of "The Irish Times"

Tesla loses $126bn in value amid Musk Twitter deal funding concern (The Irish Times)

Tesla is not involved in the Twitter deal, yet its shares have been targeted by speculators after Mr Musk declined to disclose publicly where his cash for the ...

Tesla is not involved in the Twitter deal, yet its shares have been targeted by speculators after Mr Musk declined to disclose publicly where his cash for the acquisition is coming from. As part of the Tesla deal, Mr Musk also took out a $12.5 billion margin loan tied to his Tesla stock. Twitter’s shares also slid on Tuesday, falling 3.9 per cent to close at $49.68 even though Mr Musk agreed to buy it on Monday for $54.20 per share in cash.

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Image courtesy of "Austin American-Statesman"

Elon Musk's Twitter deal rattles Tesla investors, but analysts see few ... (Austin American-Statesman)

To fund the purchase of Twitter, Musk secured $25.5 billion in debt financing, with $12.5 billion coming from loans against his Tesla stock. He also is using ...

"The Twitter deal brings another X variable into the mix for Musk which will be a concern for investors until they are proven otherwise," he said. An in-house Tesla official, considered to be the CEO’s “Twitter Sitter,” has been reviewing all of Musk’s Tesla-related tweets under a 2018 agreement that settled fraud charges. On Wednesday, a federal judge dismissed a case where Musk was seeking to end an agreement with the U.S. Securities and Exchange Commission that requires oversight of his Tesla-related tweets. Dan Ives, an analyst with Wedbush Securities, said Tesla's Tuesday share price drop was a “near term overhang," likely caused by some investors' concerns about Musk selling Tesla stock to pay for the Twitter deal. So they can move for any reason, even if they didn’t use to move for reasons like this, now they can," Kay said. "There’s no limit on the reasons people can trade a stock.”

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Image courtesy of "Irish Examiner"

Tesla shares lose $125bn in market value amid concerns over Elon ... (Irish Examiner)

The Tesla owner has personally pledged to pump in $21bn of cash to help finance the deal.

“Could he still walk away? Mr Musk’s 17% shareholding in Tesla accounts for the biggest chunk of his huge $270bn personal wealth and are also providing the bulk of the financing for the Twitter acquisition. The Tesla owner has personally pledged to pump in $21bn of cash to help finance the deal.

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Image courtesy of "Forbes"

Judge Rejects Elon Musk's Bid To End Supervision Of Tesla Tweets ... (Forbes)

"None of the arguments hold water," a federal judge said Wednesday in the latest ruling stemming from Musk's "funding secured" tweet in 2018.

“The SEC’s outsized efforts seem calculated to chill his exercise of First Amendment rights rather than to enforce generally applicable laws in evenhanded fashion.” Musk’s complicated history with the SEC has reared its way into his latest business foray—a $43 billion takeover of Twitter that the company’s board agreed to Monday. In a filing on April 14, Musk unveiled an offer to buy 100% of Twitter at $54.20 per share in cash and then take it private. Tesla was also required to pay a $20 million fine.

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Image courtesy of "Motley Fool"

Why Tesla Stock Is Bouncing Back Today (Motley Fool)

Investors appear to be a bit less concerned about what Elon Musk's purchase of Twitter will mean for the EV company.

Musk is clearly committed to the EV company, and even as he's put time into launching and managing other businesses, Tesla has still grown at a rapid pace. Wedbush analyst Daniel Ives highlighted this issue in an investor note Wednesday, and said that the Twitter transaction "was never ideal" for Tesla investors. After a massive 12% sell-off Tuesday, shares of leading electric vehicle maker Tesla ( TSLA 2.42%) were slightly rebounding Wednesday morning.

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Image courtesy of "Reuters"

Musk loses bid to end SEC agreement on oversight of Tesla tweets (Reuters)

A U.S. judge slammed Elon Musk on Wednesday for trying to escape a settlement with regulators requiring oversight of his Tesla Inc tweets, saying the ...

"If people want less free speech, they will ask government to pass laws to that effect. The SEC has subpoenaed Musk and Tesla to determine if those tweets were vetted before they were published. Musk has since sold more than $16 billion of Tesla stock. The consent decree also required Musk to obtain pre-clearance from Tesla lawyers for tweets and other public statements that could be material to Tesla. Tesla shares rose following the tweet. Register now for FREE unlimited access to Reuters.com

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Image courtesy of "Motley Fool"

Should You Buy Tesla Ahead of Its Stock Split? (Motley Fool)

The EV leader is gearing up for another stock split, and that could trigger another bullish surge among retail investors.

If you have an above-average tolerance for risk, and think that the company will go on to deliver more strong performances with its electric vehicles, battery technologies, and autonomous vehicle software, it could be a worthwhile long-term investment. EVs are an exciting, fast-growing market, but there could be some twists and turns ahead that prompt the market to reassess Tesla's highly growth-dependent valuation. If you combine the performances of GM, Ford, and Volkswagen over the trailing 12 months, the cohort generated $559.37 billion in revenue and net income of $46.16 billion. However, just how much of a premium it deserves is the question that investors will have to weigh. A regulatory filing made by Tesla ( TSLA 0.58%) at the end of March revealed that the electric vehicle (EV) leader plans to carry out another stock split. The EV leader produced 305,407 vehicles in the quarter and delivered 310,048, performance that represented year-over-year jumps of roughly 69% and 68%, respectively.

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Image courtesy of "CNBC"

Judge knocks down Elon Musk's bid to end SEC consent decree (CNBC)

Judge Lewis J. Liman shot down an argument Musk attorneys made suggesting that the settlement agreement had chilled the CEO's right to free speech.

As part of a settlement agreement, Tesla and Musk each agreed to pay a $20 million fine. For example, on Nov. 6, 2021, he tweeted a poll to his tens of millions of followers on the social network, writing, "Much is made lately of unrealized gains being a measure of tax avoidance, so I propose selling 10% of my Tesla stock. The judge also denied Musk's motion to quash a newer subpoena by the SEC. The financial regulators had charged Tesla and Musk with making "false and misleading" statements to investors when the CEO announced on Twitter on Aug. 7, 2018, that he was thinking of taking the automaker private at $420 a share and had "funding secured." A federal judge on Wednesday knocked down Tesla CEO Elon Musk's bid to terminate a settlement agreement he struck with the Securities and Exchange Commission after the agency charged him with securities fraud in September 2018. - A federal judge denied Tesla CEO Elon Musk's bid to end a settlement agreement he struck with the SEC after it charged him with securities fraud in 2018.

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Image courtesy of "Barron's"

Tesla Stock Is Pricing in $37 of Twitter Fear. Here's How We Know. (Barron's)

CEO of Tesla Motors Elon Musk. Suzanne Cordeiro/AFP via Getty Images. Tesla and Twitter stocks are linked, for at least a little while, as investors ...

Figuring out the deal spread between Tesla and Twitter (TWTR) stock isn’t easy, but Barron’s has an idea of how to frame this unconventional deal. The linkage might irritate Tesla (ticker: TSLA) shareholders, but there isn’t a lot they can do but wait for more details to emerge. Tesla and Twitter stocks are linked, for at least a little while, as investors wonder how Tesla CEO Elon Musk will fund the equity portion of his deal for the social media company.

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Image courtesy of "BBC News"

Tesla shares slide could put Musk's Twitter takeover at risk (BBC News)

The fall in Tesla's shares highlights the issues Elon Musk faces as he tries to run five companies.

Last year, he said he didn't want to be chief executive of Tesla. I asked him why. That evening he attended a 10pm meeting about engine design. "He spent more than an hour working on valve leak solutions. That may be true. He also heads up Space X, a company that designs, manufactures and launches advanced rockets and spacecraft. Twitter isn't a normal technology company. When does hate speech directed towards someone become abuse or harassment? "I would imagine that in the next few months, years, he's going to be deeply in the weeds of Twitter. And if you're an investor in Tesla, you're probably a little nervous about that," Mr Higgins said. "I don't recommend it though - bad for health and happiness." Where does criticism become libel? Therefore, going beyond the law is contrary to the will of the people. Now Mr Musk is looking to take on one of the hardest jobs in Silicon Valley - the new owner of Twitter.

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Image courtesy of "The Washington Post"

Twitter stock drops, signaling investor concern about Elon Musk deal (The Washington Post)

Twitter's stock fell below Elon Musk's purchase price, signaling investor doubt about the deal.

Musk and Twitter agreed to an acquisition deal after weeks of back-and-forth between the company and the world’s richest person. Musk has said he wants to promote free speech on Twitter, which he’s said has become a de facto town square for the world. “Either way, if this continues, it’ll throw a potential wrench in Elon’s plan to buy Twitter since he needs to sell Tesla stock to cover some of the financing.”

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Image courtesy of "Markets Insider"

Tesla stock has to fall 18% before Musk must add collateral for Twitter (Markets Insider)

Elon Musk's $44 billion deal to acquire Twitter hinges on the stability of Tesla's stock price. Musk has put up Tesla shares for collateral and is ...

And if Musk does close his deal for Twitter, the Tesla CEO will have to contend with annual interest payments of about $1 billion. Near current prices, Musk has about $12 billion in unpledged Tesla shares that he can use to add to the Twitter deal. That's in addition to the more than $20 billion of his own money he has committed.

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Image courtesy of "Financial Times"

Elon Musk wins SolarCity case but fails to escape SEC 'funding ... (Financial Times)

Elon Musk scored both a win and a loss in separate court decisions on Wednesday, as one judge cleared the billionaire of wrongdoing related to Tesla's ...

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