Tag Archives: elon musk

Elon Musk: Stock Master

 

Elon Musk: Stock Master, Tesla CEO Elon Musk has sold 19.5 million shares of Tesla stock,
totalling $15.4 billion, in a move that was widely anticipated following his deal to buy Twitter for $44 billion.

 

Topics
The Future of Twitter & Tesla
Elon’s stock sales
Cashing Out

 

 

 

 

The Future of Twitter & Tesla

 

This is one of the largest stock sales by a CEO ever,
and it signals Musk’s confidence in Tesla’s future prospects.
The sale comes as Tesla prepares to launch its new Model 3 car,
which is expected to be a mass-market success.
With this infusion of cash, Tesla will be able to accelerate its plans for the Model 3 and continue its development of self-driving technology.

Investors and traders should keep an eye on Tesla’s stock price in the coming days as the market digests this news.
While there may be some short-term volatility,
we believe that Tesla remains a strong long-term investment with tremendous upside potential.

Twitter has confirmed that Elon Musk bought the social media company on October 27,
but he waited until November 4 to start selling additional Tesla shares.
He also sold blocks of Tesla stock on Monday and Tuesday this week,
according to filings to the Securities and Exchange Commission late Tuesday night.

Twitter has been in the news a lot lately, and not all of it is good.
Last week, CEO Jack Dorsey announced that Twitter would be cutting 8% of its workforce.
This follows on the heels of reports that Twitter has seen a drop in ad revenue
since Elon Musk took over as chairman last month.

Musk has blamed “activist groups” for pressuring advertisers to pull their spending from the platform,
but it’s not clear if that’s the only reason for the decline in revenue.
What is clear is that Twitter is facing some challenges right now.

 

 

Elon’s stock sales

 

This is big news for investors and traders who have been watching Tesla’s stock price closely.
Some may have even been waiting for an opportunity to buy Tesla shares at a lower price.
But with Musk now owning Twitter, there’s sure to be more interest in the electric car maker.
And that could mean even higher prices for Tesla’s stock.

Tesla’s stock went down 46% this year, and Elon just sold some of his shares for 10% less than he paid for them.
Three recent blocks of Tesla stock sales may seem like a lot, but they represent only a small fraction of Elon Musk’s total holdings. Through a trust, Musk owns 4% of Tesla outright, and he has options to purchase additional shares that would bring his total ownership to less than 3%.

While these sales are significant, they shouldn’t be cause for alarm for investors or traders. It’s important to remember that Musk is still one of the largest shareholders in Tesla,
and his interests remain aligned with those of the company.

 

 

 

 

Cashing Out

 

In the past year, Tesla CEO Elon Musk has cashed out more than $20 billion of his stake in the electric automaker he founded.
That’s according to a new analysis by Bloomberg News, which found that Musk has sold about 10% of his holdings in Tesla since early 2020.

Musk’s sales come as Tesla’s stock price has soared to new heights, making him one of the world’s richest people. The sales also come amid concerns about whether Tesla can continue to grow at its current pace and whether Musk is committed to remaining at the helm of the company long-term.

Musk has said that he plans to sell some of his shares in order to diversify his holdings and provide liquidity for himself and his family. He also said that he plans to reinvest any proceeds from share sales back into Tesla or other companies working on “sustainable energy.”

Now it all depends, if you believe in Tesla and Twitter’s long-term vision and think that these companies will eventually overcome their current challenges, then buying these shares at their current price could be a bargain.
However, if you’re worried about Tesla’s ability to execute its plans,
then you may want to wait until the dust has settled before investing.

 

 

 

 

The decline in US oil inventories causes gains for oil and rises to 4%.

The decline in US oil inventories causes gains for oil and rises to 4%.

 

During the past week, US gasoline inventories recorded a decrease,
and this was contrary to expectations that indicated an increase,
in addition to a sudden halt to production facilities in the Gulf of Mexico due to Hurricane “Ian”,
these factors helped in achieving oil gains of about 4% during trading on Wednesday,
as US crude futures contracts for November delivery recorded prices of $82,
which increased Brent crude to $88 per barrel over the December contract.

 

topic’s

Production disrupted due to typhoon

Apple after the failure of the expected demand for the iPhone 14 is retreating from the increase in production

WhatsApp caused major banks to be fined due to errors in record keeping.

 

 

 

 

 

 

 

 

 

 

Production disrupted due to typhoon

The Office of Safety and Environmental Rescue in the United States
confirmed the significant decline in oil production,
which amounted to a loss of 190,000 barrels per day,
which is equivalent to 11% of the daily production of crude oil in the American Gulf region,
and this disruption was due to Hurricane “Ian” in Florida and because of it,
9 companies closed before the hurricane,
waiting for the weather to improve again.

 

 

Declining stocks

 

On Tuesday of this week,
the American Petroleum Institute confirmed expectations of an increase
in inventories by about 4 million barrels,
but data from the US Energy Administration issued a decline
in crude oil stocks by the equivalent of 215,000 barrels,
with a significant decline of about two million barrels,
compared to a rise to 700 thousand barrels.
gasoline stocks

 

Oil prices witnessed a significant decline in the last week,
reaching their lowest level in the year,
and this came as the great expectations regarding
the exposure of the global economy to a recession stage,
and this is mainly due to the tightening policy
that central banks adhere to control inflation.

 

While the markets are waiting for the next meeting of the “OPEC +” alliance today,
Wednesday, expectations still indicate a significant decrease
in oil production during November of this year,
and expectations indicate that Russia seeks to offer
the group that affects the oil market to reduce production.
About one million barrels per day

 

The Organization of the Petroleum Exporting Countries and
its partners are seeking to reduce their
production by about 500,000 barrels per day,
and maintaining the price of $90 per barrel needs
to be reduced by about one million barrels per day.

 

 

 

 

 

 

Apple after the failure of the expected demand for the iPhone 14 is retreating from the increase in production

 

After the release of the latest version of the “iPhone 14” phone by Apple,
and after expectations of high demand for the new version of the company,
the truth greatly contradicted expectations,
which prompted the technology giant to reduce production
and be satisfied with only producing 90 million phones during the half The second of this year,
and these levels are very close to the level of the last year 2021,
which is also in line with the company’s expectations.
The company also confirmed a very important point through the company interested
in manufacturing electronics, which recently asked all suppliers to completely
withdraw from their quest to raise In the assembly volumes of the “iPhone 14” product,
reached 6 million units in the second half of the year as well

 

 

However, some sources within the company confirmed the noticeably increased
demand from users for the latest version compared to the previous versions,
despite the high price, and the company directed that it would shift its
production capacity to premium products instead of the lower-priced versions
if strong indications appear on this only.

 

 

The share of “Apple” recorded a significant decline in Wednesday’s trading by about 3%,
while the company expected a significant increase in sales in the coming weeks,
while some suppliers are trying to prepare to meet demand by about 7%,
and also due to the economic situation in China.

Which is affected by the coming of the expected global economic recession,
which considers China to be the largest market in the field of smartphones,
and in the end this also affected the sales of “iPhone 14”.

 

 

Intel launches reclaiming its position in the chip industry

 

As part of Intel’s efforts to compete and be present in the electronic chip industry,
it is trying to advance in the manufacture of new processors for personal computers
as well as semiconductors to process graphics,
as well as programs that help facilitate dealing with technology,
and Intel will also focus on “Core” processors.
Which currently offers great performance in gaming

 

All this also came in the company’s endeavor to regain its position,
which it lost after the great competition from the rest of the companies,
and it retreats from being the largest company in the chip industry
in the year during the last years.

The company also admitted the decline in demand
for the company’s main product,
but the company is still maintaining production and
indicates that it is seeking investments for the future.

 

artical name The decline in US oil inventories causes gains for oil and rises to 4%.

 

 

 

 

 

 

 

WhatsApp caused major banks to be fined due to errors in record keeping.

Some major banks and institutions had been negligent in monitoring
all correspondence of employees through the unauthorized application of “WhatsApp”
according to the regulations, and accordingly,
more than 12 banks were subjected to penalties after
a wide investigation through the regulatory authorities in the United States,
which approved Financial penalties amounted to more than $2 billion

 

 

The fines were as follows: a fine of $1.1 billion from the Securities and Exchange Commission,
and also about $710 million from the Commodity Futures Trading Commission.
These penalties were imposed on banks such as Bank of America, Goldman Sachs Group,
and Citigroup. A financial penalty of a fine of $ 200 million,
starting from December, on the “JP Morgan Chase” bank,
bringing the total end up to $ 2 billion,
and therefore the largest penalty due to errors in record
keeping was taken against American banks.

 

 

At the request of “Musk” and “Twitter”, the interrogation date regarding the acquisition deal may be postponed

 

According to expectations from close sources,
“Elon Musk”, along with the head of “Twitter”,
is seeking to postpone the start date of the first sessions
of the acquisition of Twitter by businessman and billionaire “Musk”,
which is estimated at $ 44 billion,
while the date was previously set in The seventeenth of next October,
but there was no comment from “Twitter” regarding the matter,
and the main reason for the dispute over the deal
was an allegation by Elon Musk about “Twitter” deceiving him
regarding automated accounts and spam mail.

On the other hand, Twitter believes that These justifications
are just an attempt not to fulfill the promises of “Music” from
the least implementation of the acquisition deal

 

 

It is worth noting that the shareholders of “Twitter” have agreed
to the offer submitted by “Mask” to acquire the company at a value of 44 billion dollars,
and this step came as a prelude to the trial that was set for next month,
and there was no change in the date so far,
voting was opened within 7 minutes,
and the stock had fallen from the transaction price at $54.20 per share,
to currently reach $41.77, and thus it has fallen significantly from its price.

 

 

artical name The decline in US oil inventories causes gains for oil and rises to 4%.

 

 

 

 

 

 

 

 

“Twitter” announces a disappointing earnings

“Twitter” announces a disappointing earnings report after “Elon Musk” retreated from the purchase deal.

 

topıc

earnings statement

The US Federal Reserve fights inflation with an increasingly likely recession.

Barclays intends to buy a stake in Cooper, a cryptocurrency company.

 

 

 

 

 

 

 

earnings statement

The profits were much lower than anticipated, along with a disappointing user growth rate,
according to the “Twitter” platform’s financial report for the second quarter of the current year 2022.
As a result, the Twitter stock declined by 2%.
The exact results were as follows: Forecasts were for sales of $1.32 billion
, a loss per share of 8 cents as opposed to a profit of 14 cents,
and 237.8 million daily active users as opposed to greater expectations of 238.08 million people.
Instead, revenue of $1.18 billion was reported, which is less than predicted.

 

 

Reasons for declines in revenue

In Twitter’s comment on the declines in revenue,
it said that the main reasons are related to the flow of advertisements related to
the difficult macroeconomic environment, in addition to t

he “Elon Musk” acquisition order on the platform,
which is still pending so far and the matter has not been resolved.

 

The difficulty of the sale on Twitter

When Musk chose to back out of the purchase agreement because it was alleged that Twitter had not been informed,
the topic of the billionaire’s acquisition of the “Twitter” platform in a deal valued at 44 billion dollars became murky
and evolved into a legal dispute between the two parties. After suing Musk,
Twitter was able to have an expedited trial in October on the amount of spam and fraudulent accounts on the site,
in addition to its inability to deliver the information it asked regarding the bogus accounts.

 

A collective decline in the value of social media shares

After cutting spending on digital advertising at a time of slowing economic growth,
shares of social media companies fell, with platforms such as Pinterest,
Meta, Alphabet and Snap collectively reporting a loss of up to $36 billion in market value,
as investors prepare for slower economic growth. Global in the history of social media platforms.

 

 

 

 

 

The US Federal Reserve fights inflation with an increasingly likely recession.

 

The Federal Reserve is attempting to curb entrenched inflation,
but it will likely have to exert more pressure on the economy given that growth has dramatically slowed;
as a result of the Fed’s repeated interest rate hikes, declines in the housing market,
and a rise in unemployment caused by tech companies being unemployed.

 

 

At a time when inflation continues to rise to its highest level in four decades,
some analysts believe that stagnation and an increase in unemployment rates
will need to reduce price pressures significantly,
and according to a “Bloomberg” survey of economists this month,
a deflation of 47.5% is likely. Large after it was at 30% in June

 

 

Despite the assurances by Federal Reserve officials,
they continue to emphasize the possibility of avoiding a possible recession
and implementing a smooth landing policy for the economy,
in addition to optimism that inflation will decline
at the same pace that it rose, given that the economy still enjoys fundamental strengths.

 

 

The fact that the central bank is having trouble managing the situation shows
that the impact was caused by more than just US inflation;
it was also a result of supply interruptions brought on by Russia’s invasion of Ukraine. Alan Blinder,
a former vice chairman of the Federal Reserve,
claimed that monetary policy and its effects Regarding inflation,
it will continue for a very long time, possibly even two or three years.

 

 

But at the same time, there is hope for an end to the supply chain crisis, and several former officials such as Blinder added that he feels some slight improvement in the possibility of a soft economic downturn when we look closely at the recent declines in energy and food prices.

 

 

 

 

Barclays intends to buy a stake in Cooper, a cryptocurrency company.

 

Barclays Bank has made the unexpected decision to invest in the cryptocurrency firm Cooper.
According to reports, the British bank is one of the new investors looking to invest millions of dollars in the company.
The purchase agreement is anticipated to be finalised quickly, possibly in just a few days.

 

 

It’s important to remember that Cooper is a business that specialises in offering institutional investors in cryptoassets brokerage,
initial brokerage, and settlement services.
Dmitriy Tokarev founded the business in 2018.
According to Sky News, Barclays and Cooper declined to comment on the report.

 

 

According to reports, the company intended to value at least $ 3 billion in the most recent currency in order to obtain cash,
but it cut this value in light of the ongoing crisis in the cryptocurrency market.

 

Numerous businesses involved in the cryptocurrency industry have been negatively impacted by the current
wave of market losses. As a result,
they have had a challenging year that has resulted in some cases of bankruptcy.

 

 

 

Mixed oil trading and Elon Musk buys a new stake in Twitter

Mixed oil trading and Elon Musk buys a new stake in Twitter Oil prices change slightly and in different directions on Wednesday morning trading
after a moderate decline the previous day

Evest follows market developments in the following report

 

Topic

The Oil is traded without a clear trend

Elon Musk buys a new major stake in Twitter stocks

New sanctions against Russia from the United States and Canada

The decline in Wall Street after statements from the Federal Reserve

The Oil is traded without a clear trend

Traders are waiting for official data on US fuel inventories and assessing the balance of supply and demand on the world market

The June futures cost for Brent crude on the London Stock Exchange ICE Futures on Wednesday is $106.89 per barrel,
which is $ 025 (0.23%) higher than the closing price of the previous session
As a result of Tuesday’s trading, these futures declined by $0.89 to $106.64 per barrel

The price of West Texas Intermediate oil futures for May in electronic trading on the New York Mercantile Exchange (NYMEX) is $101.9 per barrel,
$0.06 (0.06%) lower than the final value of the previous session


On Tuesday

the cost of these futures declined by $1.32 to $101.96 per barrel

As data released by the American Petroleum Institute (API) at the night show
US oil inventories rose for the week ending April 1 by 1.1 million barrels
Analysts surveyed by Trading Economics predicted an average decline of 2.06 million barrels

Official data from the Energy Information Department of the U.S. Department of Energy will be released later in the day
Experts surveyed by S&P Global Commodity Insights predicted that the DOE report would indicate oil inventories
fell by 1.85 million barrels
Analysts also expect gasoline reserves to fall by 350 thousand barrels of distillates – by 700 thousand barrels

In the meantime, the President of the European Commission
Ursula von der Leyen announced on the eve of proposals for new sanctions against the Russian Federation
In particular, the EU may impose a complete embargo on transactions with four major Russian banks including VTB,
and a ban on coal imports from Russia of €4 billion per year

To date, the restrictive actions do not apply to oil and gas,
which has eased concern about the worsening energy shortages in world markets

article name Mixed oil trading and Elon Musk buys a new stake in Twitter

 

Elon Musk buys a new major stake in Twitter stocks

The US billionaire Elon Musk spent $2.64 billion buying stakes in Twitter, according to the US Securities and Exchange Commission (SEC) on Tuesday evening

Meanwhile, the billionaire submitted a new document in the form of 13d, which meant that the investor intended to play an active role in the company’s business
Musk was introduced on model 13G, in the previous document, submitted on Monday,
which included a passive stake in the company,
meaning that the investor did not intend to exercise control, as CNBC notes

As of April 5, Elon Musk owned 73.115 million stocks on Twitter or 9.1%
As of the close of trading in Twitter stocks on Tuesday, Musk’s stake is valued at $3.73 billion

Musk began buying shares from the end of January and made deals almost every day
The investor made the largest deal on February 7 – bought more than 4.8 million stocks worth $176 million, depending on the documents

One day before it was announced that Musk had joined the Twitter board
As long as he is a board member, his stake in the company cannot exceed 14.9%

Last week, Musk said on his Facebook account that he was not happy with the social network’s approach to freedom of expression and was “seriously considering” creating a new platform

article name Mixed oil trading and Elon Musk buys a new stake in Twitter

 

New sanctions against Russia from the United States and Canada

White House spokeswoman, Jennifer Psaki, said on Tuesday that US sanctions imposed by the US administration on Russia
over a special operation in Ukraine aimed at forcing Moscow to choose between defaulting and depleting its dollar reserves

She stressed that the United States will announce sanctions, including “an embargo on new investments in Russia
and new actions against financial institutions, government companies, government officials and their families
” Earlier, US media reported, citing sources, that Washington plans to announce such sanctions on Wednesday

On Tuesday, US media reported, citing informed sources
that the US administration is examining possible additional restrictions against a number of large Russian banks, including Sberbank

The Canadian Ministry of Foreign Affairs announced the expansion of sanctions against Russia
by including additional Russian representatives on the sanctions list
The new list includes entrepreneurs Vladimir Potanin, Viktor Vekselberg
Kirill Shamalov, Dmitry, Galina Pombyansky, Vadim Moshkovich, Leonid Mikhelson and Alexander Vinokurov Sanctions were also imposed on the Deputy Chief of General Staff of the Russian Armed Forces, Igor Kostyukov

AND The issue of Russian external public debt remains unclear


And The United States embargoed

the use of Russian “frozen” assets to serve Eurobonds bonds
The decision to be taken by the Russian authorities remains unclear This uncertainty also weighs heavily on markets

Against the backdrop of comments from representatives of the American regulator
investors recall the risks posed by tightening monetary policy in the United States
At the next meeting, the Federal Reserve may actually raise the interest rate by 50 basis points
and effectively begin reducing the accumulated balance under quantitative facilitation programs
These steps are aimed at combating high inflation

However, it would increase the cost of dollar financing and the outflow of liquidity, which would have a significant negative impact on the American and global economies

 

The decline in Wall Street after statements from the Federal Reserve

In the United States, stock indexes slumped 0.8-2.3% on Tuesday
led by Nasdaq because of Federal Reserve officials’ statements about the prospect of a more decisive tightening of monetary policy

The Fed may consider raising the prime rate by 50 basis points once at its May meeting according to the Federal Reserve Bank of Kansas President Esther George
who has a vote on the Federal Open Market Committee (FOMC) in 2022

Fed Board Member Lil Brainard announced the need to rein in inflation on Tuesday
To this end, the Fed will continue to “systematically tighten monetary policy through a series of rate
increases and may begin reducing the amount of assets in its balance sheet as early as the May meeting”, he said

article name Mixed oil trading and Elon Musk buys a new stake in Twitter