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#stock

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Nonilex

On the #xAI purchase of #X (#Twitter)

Because both companies are privately held & controlled by #Musk, the transaction likely amounts to a #stock swap, with X investors getting paid out in xAI shares. The companies have a number of mutual investors, including venture firms #AndreessenHorowitz & #SequoiaCapital, as well as #Fidelity Management, #VyCapital & #SaudiArabia’s Kingdom Holding Co.

#law #securities #SEC
cnbc.com/2025/03/28/elon-musk-

CNBCElon Musk says xAI has acquired X in deal that values social media site at $33 billionIn a social media post on Friday, Elon Musk said his startup xAI has acquired his social media company X.
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Zhi Zhu 🕸️

Why is Trump’s Commerce secretary urging the public to buy Tesla stock?

Howard #Lutnick told a national tv audience to buy a specific #stock tied to the sitting president’s top campaign donor.
msnbc.com/rachel-maddow-show/m

"I’m mindful that breaches of norms & ethical limits have become routine over the last 2 months, but this was an egregious display, even by 2025 standards...

If there’s a benign defense for all of this, I can’t think of it."

Headline from MSNBC: Why is Trump’s Commerce secretary urging the public to buy Tesla stock? Howard Lutnick told a national television audience to buy a specific stock tied to the sitting president’s top campaign donor. March 20, 2025, 8:32 AM CDT By Steve Benen
#Musk#Corruption#Trump
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Zhi Zhu 🕸️

Sell Your #Tesla Dump Your #Stock
emptywheel.net/2025/03/19/sell

" ElonMusk has pledged about 1/3 of his holdings as collateral for loans... including loans for the purchase of #Twitter. It seems plausible that the lenders will demand additional collateral or even call the loans if the price sinks dramatically.

... If it were selling at the same PE ratio as the information #technology sector... the price would drop from the current $240 to about $75"

Headline and text. Sell Your Tesla Dump Your Stock March 19, 2025 / 26 Comments / in Left Theory / by Ed Walker That was one of the chants at the #TeslaTakedown event I attended in Chicago last Saturday. But selling your Tesla car is not easy. There isn’t much of a market for used Teslas in this area. There’s a similar problem in Boston. And Seattle. It seems to be a world-wide problem. Perhaps Trump will single-handedly create a market for used Teslas among his cult. That would be great, since only a few years ago they were crazy angry about libtards driving electric vehicles. If you want to sell your Tesla stock, that’s easy. There’s a robust market in the stock. Over 110 million shares traded on March 17. But there is the problem of figuring out how much $TSLA you own, According to the 2024 Tesla Proxy Statement, after Musk, the two largest holders are Vanguard and Black Rock, both huge in investment funds and pension management. If you have a 401k, an IRA, or a pension plan, you most likely own at least a little of the stock of Tesla. It has the 9th highest market capitalization of US stocks,
#Resist#Resistance#Musk
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Zhi Zhu 🕸️

"sales in [Germany] fall by more than 70%... Sales in China... falling by 49%...

Last week, the automaker’s stock had its worst day since 2020, as its Musk-induced problems coincided with historic #market volatility under Donald Trump’s new #tariff plans.

Board members, executives, & major investors in #Tesla are jumping ship. Four top officers at the company have unloaded more than $100 million in #stock"
newrepublic.com/post/192856/el

Text from article: Tesla historically attracted a more liberal consumer base with its electric vehicles, but since Musk went “dark MAGA,” that same base has soured on the tech billionaire and his products. That’s proven especially true in some of Europe’s stronger economies, such as Germany, which has seen sales in the country fall by more than 70 percent over the last two months, reported Bloomberg. Sales in China—where Tesla has two major factories—have similarly plummeted, falling by 49 percent in February. Last week, the automaker’s stock had its worst day since 2020, as its Musk-induced problems coincided with historic market volatility under Donald Trump’s new tariff plans. Board members, executives, and major investors in Tesla are jumping ship. Four top officers at the company have unloaded more than $100 million in stock since last month, reported ABC News. They include James Murdoch, the estranged son of right-wing media magnate Rupert Murdoch, and Elon Musk’s brother Kimbal Musk, the latter of whom shed $27 million, according to an SEC filing.
#Resist#Musk#TeslaTakedown
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Zhi Zhu 🕸️

Elon Musk Whines That Everyone Is Being Mean to Him

Elon Musk truly doesn’t understand why people hate his guts.
newrepublic.com/post/192856/el

" #Tesla comprises the majority of Musk’s net worth—but the carmaker’s ongoing 8-week slump is largely due to a #global brand #boycott.

Company #stock is down by 50% so far this year, and analysts have faulted Musk’s reputational shift for the automaker’s financial woes."

Headline and text from article. Headline: Elon Musk Whines That Everyone Is Being Mean to Him Elon Musk truly doesn’t understand why people hate his guts. by Ellie Quinlan Houghtaling March 18, 2025 / 10:55 a.m. ET Text: The world’s richest man thinks it’s unfair that people aren’t as interested in his products due to his far-right political views. Elon Musk took to the social media platform he owns Monday night to vent about his alleged mistreatment.
#ElonMusk#Musk#Coup
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