Elon Musk raised about $8.4 billion through the sale of 9.6 million Tesla shares this week, he disclosed in securities filings Thursday night and Friday morning, but then signaled his selling was done. “No further TSLA sales planned after today,” Musk tweeted Thursday evening. Musk’s selling this week reduced his stake in Tesla by 4%, to about 222 million shares. Musk has promised to put...
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DoorDash Should Buy Instacart Now
Instacart’s stock price performance so far brings to mind a variation on the old line about love: Is it better to have gone public and lost, or never to have gone public at all? The shares fell 9% on Monday to $26.96, 10% below its IPO price, following our scoop that the Wall Street analysts at the banks underwriting the offering are projecting a severe slowdown in Instacart’s growth in the...
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