this quarter in China and taken the rare step of offering incentives in the US. Musk has said the company is struggling to cope with the effects that China’s slumping property market, Europe’s energy crisis and the Federal Reserve’s interest rate increases are having on demand.
Tesla shares rallied as much as 2% as of 9:45 a.m. Thursday in New York. The stock has plunged 55% this year. Musk tried for months to get out of the Twitter deal but ultimately failed. To help finance the purchase, he offloaded more than $15 billion of Tesla shares before closing the transaction — about $8.5 billion in April, then $6.9 billion in August. In November, he sold anotherForgot to say one thing at Tesla annual shareholders meeting: just as my money was the first in, it will be the last out.
“At risk of stating obvious, beware of debt in turbulent macroeconomic conditions, especially when Fed keeps raising rates,” MuskMusk’s recent sales shrink his stake in the company to roughly 13%, according to Bloomberg data. As of Wednesday’s close, he was worth $160.9 billion, ranking No. 2 on the Bloomberg Billionaires Index after France’s Bernard Arnault. His fortune has dropped by $109.4 billion this year.
am very grateful to all you have done for me over all this while when trading with you. now I am in my own apartment thank you so much marksuster02 have gotten all I lost back.