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☆ Tesla shares fall as investors bash Musk's Twitter focus
▼ + stars: | 2022-12-14 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +2 min

Investors are also increasingly concerned that his antics could hurt brand and sales of Tesla, the world's top electric carmaker which faces increasing competition. "Elon abandoned Tesla and Tesla has no working CEO," KoGuan Leo, the third Largest individual shareholder of Tesla, who describes himself of Musk's "fanboy," tweeted on Wednesday. Tesla shares traded down 1.4%, after falling as much as 3.2% to $155.88 per share, the lowest level since November 18, 2020. Tesla shares slumped 55% so far this year, lagging the performances of GM (GM.N), Ford (F.N), Apple (AAPL.O) and Amazon (AMZN.O). Goldman Sachs on Tuesday cut the price target for Tesla shares and lowered estimates for Tesla's deliveries and gross margins for the fourth quarter, reflecting softer supply and demand.

☆ Tesla shares have fallen 28% since Elon Musk took over Twitter, lagging other carmakers
▼ + stars: | 2022-12-13 | by ( Lora Kolodny | ) www.cnbc.com time to read: +4 min

CEO of Tesla Motors Elon Musk speaks at the Tesla Giga Texas manufacturing "Cyber Rodeo" grand opening party in Austin, Texas, on April 7, 2022. U.S. electric truck maker Rivian has fallen by 27% over that period. Shares in electric vehicle maker Tesla have fallen 28% since October 27, when CEO Elon Musk bought Twitter and appointed himself "Chief Twit," or CEO, of the social media business. Musk sold billions of dollars' worth of his Tesla holdings to finance the Twitter takeover. Since he took over the company, Musk has been regularly posting incendiary tweets, especially aimed at people who hold center-to-left political values, and whom Musk often paints as enemies with a "woke mind virus."

☆ Tesla shares rise on Citi upgrade, Elon Musk talk of a new factory in Asia
▼ + stars: | 2022-11-23 | by ( Lora Kolodny | ) www.cnbc.com time to read: +4 min

Tesla shares jumped almost 8% on Wednesday after hitting a 52-week low a day earlier. The rally followed an upgrade by analysts at Citi and an indication from Tesla CEO Elon Musk that South Korea is a top candidate for a new factory the company hopes to build in Asia. Some dips in Tesla shares followed massive stock sales by Musk as he liquidates in part to finance the Twitter deal. Earlier this month, Musk sold another $3.95 billion in Tesla shares, telling Twitter employees he was doing so to save the social media company. The firm still recommends buying Tesla shares and has a $330 price target.

☆ Elon Musk tweets that a potential stock buyback is 'up to the Tesla board'
▼ + stars: | 2022-11-14 | by ( Brian Evans | ) www.businessinsider.com time to read: +2 min

Elon Musk dropped more clues about a potential Tesla buyback after hinting last month at the EV maker's first ever repurchase. Responding to a shareholder's tweet urging a buyback, Musk said, "This is up to the Tesla board." Last month he said Tesla was working on "the right process to do a buyback" anywhere from $5 billion to $10 billion. It followed the sale of billions of dollars in Tesla stock last year and earlier this year. Earlier that month, Musk teased a buyback while responding to another tweet from KoGuan, who said Tesla stock decline could only be reversed with a buyback or doubling in profit.

☆ Elon Musk raises hopes for a Tesla stock buyback with a one-word tweet to 3rd-biggest shareholder
▼ + stars: | 2022-10-14 | by ( Brian Evans | ) www.businessinsider.com time to read: +2 min

Elon Musk fueled speculation that Tesla could soon announce its first-ever stock buyback. Responding to a tweet from a top Tesla investor who said only a buyback or a doubling in profit could break the stock's slump, Musk said "Noted." Leo KoGuan, who says he is the third largest individual Tesla shareholder, has previously called for a buyback of $5 billion this year and $10 billion next year. At the time, he said Tesla should announce plans for a $5 billion buyback this year and a $10 billion buyback next year. Reports have also surfaced in recent days that Musk is at risk of losing his financing for the deal.

☆ An Elon Musk superfan made the Forbes 400 list after snapping up Tesla stock during the pandemic
▼ + stars: | 2022-09-28 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +2 min

An Elon Musk superfan joined the Forbes 400 list for the first time this year. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyAn Elon Musk superfan just joined the Forbes 400 list after going all in on Tesla stock. What makes KoGuan's wealth so unusual is how he amassed it: by snapping up Tesla stock during the early days of the pandemic. In late 2020, KoGuan reportedly paid about $46 million for a Singapore penthouse owned by vacuum-cleaner tycoon James Dyson. At the start of 2020, Tesla's stock was trading at about $30 a share.

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