Musk sold 934000 Tesla shares on the 8th to pay the stock period

Wechat scanning QR code is used to share with friends and circles of friends financial Associated Press, November 11. According to the form 4S file submitted by Tesla CEO musk, it sold 934000 Tesla shares on November 8 to pay the stock option tax bill extended reading: musk personally "smashed" Tesla's troubles constantly source: Beijing business daily issued the seven step poem in Chinese, rejected the "forced donation" WFP, and asked fans to vote whether to sell stocks... Although people have long been accustomed to Tesla CEO Musk's various operations, the market does not eat this set. Tesla shares fell 5% from before trading on Monday to 12% at the close on Tuesday, and the market value of nearly $200 billion evaporated. Looking behind, rivian, a cutting-edge electric pickup truck called "Tesla killer", is about to appear on NASDAQ. According to the current valuation, it will become the largest IPO of US stocks in 2021 nearly $200 billion evaporated in two days after standing at the market value of trillions of dollars, Tesla stepped on the brake all the way. At the close of US Eastern time on Tuesday, Tesla reported US $1023.5, down nearly 12%, with the latest market value of US $1.02 trillion. The day before, Tesla also fell sharply, closing down 4.8%. Tesla's market value evaporated by 16.2% in two trading days, totaling $19.8 billion Musk's "high-profile reduction" may be the main reason for Tesla's sharp decline. Last week, musk launched a vote on Twitter to let 62.5 million fans decide whether he should sell 10% of Tesla shares. The voting results showed that 57.9% supported musk to sell shares according to the calculation of Reuters, musk holds about 170.5 million Tesla shares, which are worth $21 billion according to the closing price on the day of voting. According to the latest closing price, Musk's 10% stake is worth about $17.442 billion compared with musk, his brother kimbal musk has started selling. Tesla's latest announcement shows that kimbalmusk sold 88500 Tesla shares on November 5, with an average price of $1229.91, cashing out about $109 million in total. According to the estimate of the announcement, Musk's brother's share sale accounts for about 15% of his shares in addition, several Tesla shareholders have recently sold their shares. In June this year, Tesla announced that Jerome Gillan, President of the company's previous heavy truck department, had resigned. Since then, Jerome sold Tesla shares worth about $274 million from June 10 to 18. A month later, Tesla's chief accountant vaibaf tanea sold 4459 shares and cashed out $2.94 million. In September, Zachary kirkhorn, Tesla CFO, also sold 2780 shares and made a small cash out of $2.09 million for the impact of musk and shareholder selling, the reporter of Beijing business daily contacted Tesla, but no reply has been received as of press time on the other hand, the diving stock price has more or less affected Tesla's major customers. At the end of last month, Hertz Global Holdings, the world's largest car rental company, said it had placed an order for the first 100000 Tesla vehicles by the end of 2022, with an order value of $4.2 billion. Tesla's share price therefore stood at $1100, with a total market value of more than $1 trillion after hitting Tesla, Hertz took advantage of the hot iron and decided to re list and issue 20% more shares. Hertz car rental was re listed on NASDAQ on Tuesday local time. But the results were shocking. Hertz's car rental broke on the first day of its re listing, plunging nearly 24% selling is just a black swan many people regard Musk's high-profile reduction as the "initiator" of Tesla's share price plunge. However, the motleyfool, a research and investment website, believes that although the exact reason for Tuesday's share price decline is not clear, it may only represent the continuation of the downward momentum of yesterday's decline. In the coming weeks, the fluctuation of Tesla stock may continue, because the company has risen 44% in October. After this "epic rise", the stock may "take a breath" Matt Portillo, an analyst at Tudor Pickering, pointed out: "in the long run, Tesla's share price is extremely overvalued, and investors are worried about valuation. Musk's stock sale vote provides investors with 'an excuse to retreat'. at present, Tesla's market value is basically equivalent to the sum of all traditional carmakers in the world. Matthew Maley, chief market strategist at Miller Tabak & Co, said the decline in Tesla's share price was part of a normal and healthy correction, which was a response to overbought conditions but some people think Tesla's market value will continue to fall. According to the latest prediction of David trainer, CEO of investment research firm newstructures, he believes that Tesla's market value is overvalued by about $1 trillion, and its share price may fall 88% to about $150 per share as for Musk's selling, there may be another secret. Michael burry, a well-known hedge fund manager, pointed out that musk may want to realize some of his holdings to repay his personal debts. This summer, a survey by propublica detailed how some of the world's richest people borrowed against stocks to minimize their tax burden burry believes that whether it is to solve the problem of world hunger or the so-called billionaire income tax, these may be just excuses. He quoted a document from the securities and Exchange Commission (SEC) as saying that as of June 30, musk had mortgaged about 88 million shares, accounting for 36% of its total holdings, as collateral for personal loans

, in addition, Burry has contrasted the current Tesla stock price with the Holland tulip bubble and warned against risky speculation in the financial market. p> burry has always been Tesla's most loyal bear. In 2020, Tesla's share price soared by 743%, causing bears to lose up to $40.1 billion. After they surrendered one after another, burry also purchased a large number of Tesla put option contracts in the first and second quarters of this year latecomers Tesla may rise and fall in the future, but it is no longer the only choice for investors. On Wednesday local time, rivian, an American electric vehicle start-up company called "Tesla killer", will be listed on NASDAQ with the stock code "rivn" on Tuesday evening local time, rivian expanded the IPO issuance scale to 153 million shares, higher than the 135 million shares originally planned to be issued by the company. Rivian set its much anticipated IPO price at $78 per share, higher than the raised price, a source saidPrice range this means that rivian's IPO will become the largest IPO in 2021 and the sixth largest IPO in the history of US stocks in contrast, 11 years ago, Tesla's IPO valuation did not exceed US $2 billion, and the fund-raising scale was only US $226 million rivian has received strong support from Amazon and Ford. Amazon invested more than $1.3 billion in rivian and held 22.4% of the company's class A shares before the IPO. According to the IPO price, this part of the equity will be worth about $12.5 billion. Ford held about 14.4% of rivian's a shares before the IPO, which is currently worth $8 billion in addition, Amazon also ordered 100000 vehicles to be delivered by 2030 from rivian. The two companies plan to put 10000 new rivian Amazon delivery vehicles on the road as early as next year to help Amazon promote its logistics fleet to renewable energy according to Yan Jinghui, member of the expert committee of China Automobile Circulation Association, in terms of brand strength, Tesla is still in the leading position in the global new energy pure electric vehicle market, supported by brand strength and product line, and supported by musk, an "opinion leader". But Yan Jinghui also pointed out that Tesla has encountered some problems in its development and has a certain downward trend in addition to the pursuit of car companies, Tesla's automatic driving technology is also threatened. On Tuesday, chip giant NVIDIA released the autonomous driving toolkit hyperion8 and announced that the toolkit is ready for the 2024 model

Yan Jinghui believes that although Tesla is currently in the leading position in the field of autopilot, if Tesco's technology is excellent and has been applied to other car manufacturers since 2024, Tesla will face greater competition in the field of automatic driving. p> reporter of Beijing business daily Tao Feng and Zhao Tianshu

2023-03-22 10:04:46

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