Tesla boss Elon Musk sells and buys stocks, electric car hits the stock market

Sell, buy, resell, redeem. Tesla Chief Executive Elon Musk sold an additional $ 973 million in stock Tuesday to pay tax on the exercise of an option – roughly a purchase – on 2.1 million shares worth $ 2.2 billion. Last week, after polling netizens on Twitter, Musk sold about 8.2 million shares of Tesla for roughly $ 8.8 billion, a 10% stake in the company he owned, ” he promised to sell.

With the growing demand for electric car makers on Wall Street, Tesla shares have risen more than 150% in the last 12 months. Musk’s fortune too. By Friday night, after a week of sales it had announced, the price was down 15.4%. And on Tuesday, the stock rose 4.1% to close at $ 1,054.73.

First collection factory without exhaust gases

Supported by the wishes of COP26, but insufficient in the eyes of NGOs, the entire electric vehicle sector is on the run. Launched a week ago, start-up Rivian Automotive has already risen 120%. Thanks to an additional 22.95 million share increase, Rivian’s market capitalization rose to $ 153 billion, making the California-based company the third most valued automaker in the world, ahead. from Volkswagen. The group only produced a few hundred of its R1T pick-up, but this type of vehicle is the goose that lays the golden eggs for manufacturers because they enjoy strong demand across the Atlantic from construction companies or companies. Public authorities.

That is why General Motors officially opens this Wednesday, in the presence of US President Joe Biden, its first collection plant without exhaust emissions in the United States. In this old, completely remodeled Michigan factory, GM will produce its first electric GMC Hummers, the civilian version of the US Army SUV, before the end of the year. This green Hummer will be sold -without options- at $ 112,595 (99,525 euros). The main issue will be the autonomy and duration of an electric recharge, especially if they are used for heavy work.

This is also a question posed by the Australian University of Queensland (UQ), which will recruit 500 Tesla owners in Australia, the United States, Canada, Norway, Sweden, Germany and Great Britain to collect all the data on their car usage. . The researchers want to verify how much of the daily range of cars is used for driving, with the idea that the rest could supply the home grid and support household energy demand. With the development of electric fleets, UQ hopes to eventually work with other manufacturers.

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