Jose Edgardo Cruz on LinkedIn: Musk sold a total of 41.5 million shares of Tesla stock between November 4… (2024)

Jose Edgardo Cruz

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Musk sold a total of 41.5 million shares of Tesla stock between November 4 and December 12, according to company filings, as he liquidated some of his holdings to free up cash for his recently completed purchase of Twitter.The sales came not long after a October 19, 2022 earning call in which he told investors "I can't emphasize enough, we have excellent demand for Q4."But when Tesla reported fourth-quarter sales, they were far weaker than forecast, and that sent stocks down 12%, the worst day of trading for the stock in more than two years."Musk profited from his misconduct and his exploitation of material and adverse inside information," alleged the suit, filed by shareholder Michael Perry. The suit requests that Musk return the profits on the stock sale to the company, as well as attorney fees and other costs to Perry for bringing the suit.

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    American officials, citing intelligence information, have stated that Yahya Sinwar, the leader of Hamas, is not hiding in the southern Gazan city of Rafah. According to these U.S. officials who spoke to the New York Times, Israeli intelligence agencies concur with the assessment that Sinwar and other high-ranking Hamas figures are not present in Rafah.

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    The far-right leaders of the Otzma Yehudit and Religious Zionism parties — Itamar Ben Gvir and Bezalel Smotrich, respectively — both threatened on Saturday night to bring down the government if the newly proposed hostage release and ceasefire deal presented by Biden on Friday is adopted by the government. If both their parties bolt the coalition, that would leave Prime Minister Benjamin Netanyahu without a majority in the Knesset.But on Tuesday morning, Einav Zangauker, the activist mother of hostage Matan, said in an interview with Kol Israel radio that Heritage Minister Amichai Eliyahu, from Ben Gvir’s Otzma Yehudit, had confessed to her that the party’s vow to topple the government was an empty threat.It is believed that 120 hostages abducted by Hamas on October 7 remain in Gaza — not all of them alive — after 105 civilians were released from Hamas captivity during a weeklong truce in late November, and four hostages were released prior to that. Three hostages have been rescued by troops alive, and the bodies of 19 hostages have also been recovered, including three mistakenly killed by the military.

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    5 cidades de Portugal que figuram entre as mais felizes do planeta https://mundoemrevista.com.br
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  • Jose Edgardo Cruz

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    “Some of Tesla's institutional shareholders are getting out, convinced that the electric carmaker's days of dizzying growth are in the rear-view mirror.The company's shares are down nearly 30% this year and have fallen by more than 50% since their 2021 high, wiping out some $600 billion in market value as CEO Elon Musk has struggled with fierce competition and falling sales. Tesla's first-quarter results missed analyst expectations, though Musk said the company would release new models in 2025 that would be more affordable."It started to feel like the fundamentals were becoming detached from reality," said John Belton, a portfolio manager at Gabelli Funds whose firm sold its entire stake of 65,900 shares - acquired in early 2022 - in the first quarter of the year. “We think the stock works best when there are auto company fundamentals that justify the stock price.”Having a toxic CEO who priorities tweeting over managing doesn’t help either.

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    “Lisbon is, among nine European cities, the second most stressful to drive, according to a study by 'DiscoverCars' this Tuesday : drivers from Oslo, Milan, London, Budapest, Munich, Prague, Barcelona, Krakow and Lisbon.For the study, researchers measured the volunteers' heart rate while they took a 30-minute car journey through their city – the journey was also filmed with an on-board camera.”The Portuguese are kind and welcoming people, but put them behind the wheel of a car and they become aggressive tailgaters and speed demons who also seem to forget the car comes with turn signals.

    Lisboa é a segunda cidade mais stressante para se conduzir na Europa, aponta estudo https://executivedigest.sapo.pt
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  • Jose Edgardo Cruz

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    “On Tesla’s first-quarter earnings call in April, Musk said the electric vehicle company will increase the number of active H100s — Nvidia’s flagship artificial intelligence chip — from 35,000 to 85,000 by the end of this year. He also wrote in a post on X a few days later that Tesla would spend $10 billion this year “in combined training and inference AI.”But emails written by Nvidia senior staff and widely shared inside the company suggest that Musk presented an exaggerated picture of Tesla’s procurement to shareholders. Correspondence from Nvidia staffers also indicates that Musk diverted a sizable shipment of AI processors that had been reserved for Tesla to his social media company X, formerly known as Twitter.Tesla shares slipped as much as 1% on the news Tuesday morning.”#SellTesla

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  • Jose Edgardo Cruz

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    The Ottoman government, driven by nationalism, racism and religious intolerance, aimed to eliminate its Christian minority populations. During World War I, Armenian Christians faced mass deportations, death marches and killings, resulting in the deaths of an estimated 1.5 million people. Similarly, the Assyrians and the Greeks, particularly in the Black Sea region, endured massacres, forced marches and expulsions, leading to hundreds of thousands of deaths.

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Jose Edgardo Cruz on LinkedIn: Musk sold a total of 41.5 million shares of Tesla stock between November 4… (22)

Jose Edgardo Cruz on LinkedIn: Musk sold a total of 41.5 million shares of Tesla stock between November 4… (23)

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Jose Edgardo Cruz on LinkedIn: Musk sold a total of 41.5 million shares of Tesla stock between November 4… (2024)
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