Tesla’s Elon Musk sends another email. What it means for fourth-quarter earnings.
Tesla CEO Elon Musk warned employees in a recent email the electric vehicle maker shouldn’t be spending irresponsibly in the final weeks of the year to meet a quarter-end delivery rush. The reason seems sensible, even if his call might vex investors.Musk wants to minimize the cost of fourth quarter deliveries. He doesn’t see a reason for Tesla to overspend for a few weeks of any quarter only to see deliveries numbers crash in the first few weeks of the following quarter. It isn’t an optimal cyc
Rivian opened around $106.68, or 36.77% above $78 IPO price.
Since last year, companies in the EV space have emerged as some of the hottest investments and Wall Street's biggest institutional investors are betting on Rivian to be the next big player in a sector dominated by Tesla.The EV market is also witnessing a surge in demand globally, as consumers become more environmentally conscious and bet on eco-friendly vehicles.Rivian generated the most new watchers in the last 24 hours on social media site Stocktwits, viewed commonly as measure of retail inves
Reactions to Musk's poll on offloading 10% of Tesla stock
- Tesla Inc chief Elon Musk said on Saturday he would sell about 10% of his stake in the company, based on votes on his $Twitter$ poll asking users of the social media network whether he should sell his shares. About 58% voted "Yes"."Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock," Musk said in a tweet, adding he does not take cash salary or bonus "from anywhere", and only has stock.Musk has previously said he would have to exe