Tesla shares up, despite Musk selling $1 billion in stock

Tesla’s share price was trading higher on Wednesday, despite the news confirming that Elon Musk had sold more stock in the company.

It was reported that Musk had sold $1 billion worth of shares on Tuesday, which is the third time in recent weeks, the company’s founder has liquidated some of his holdings.

This now brings the total value of his share sale to $9.85 billion, all of which has been in the past two weeks.

Musk began selling shares in the electric vehicle maker after he held a twitter poll, asking his followers to vote on if he should sell stock, to meet tax obligations.

Despite the recent sales, Musk still currently holds close to over 169 million shares in the company.

$TSLA was trading 1.43% as of writing.

Gold drops to 3-week low, as jobless claims hits lowest since 1969

Gold prices fell to the lowest level in the last 3-weeks, as data from the United States showed that jobless claims fell to a pre-pandemic low.

Figures from the Labor Department’s initial jobless claims report, showed that the number of Americans filing for unemployment benefits fell by 71,000 last week.

This drop saw claims recorded at 199,000 for the week that ended November 20th, versus market expectations for 260,000 applications.

XAUUSD fell to an intraday low of $1,778, which is the lowest level gold prices have traded since November 5th.

Both the benchmark S&P 500, and NASDAQ index were marginally higher on the news.


 

Trading any financial instrument on margin involves considerable risk. Therefore, before deciding to participate in margin trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney or accountant as to the appropriateness of an investment in margin trading is recommended. This electronic mail message is intended only for the person or entity named in the addressee field. This message contains information that is privileged and confidential. If you are not the addressee thereof or the person responsible for its delivery, please notify us immediately by telephone and permanently delete all copies of this message. Any dissemination or copying of this message by anyone other than the addressee is strictly prohibited.

Feed news

Latest Forex Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD climbs above 1.1250 as investors eye coronavirus headlines

EUR/USD preserved its recovery momentum early Friday and rose above 1.1250 during the European trading hours. Markets are doubting the Fed's policy tightening prospects as the new coronavirus variant revives concerns over the economic recovery losing steam.

EUR/USD News

GBP/USD rebounds toward mid-1.3300s on broad dollar weakness

GBP/USD reversed its direction after dipping below 1.3300 earlier in the day and started to push higher toward 1.3350. The greenback is facing heavy selling pressure amid the sharp decline witnessed in the 10-year US Treasury bond yield.

GBP/USD News

Gold clings to strong gains above $1,800 as US T-bond yields plunge Premium

Gold staged a decisive rebound on Friday and reclaimed $1,800. The intense flight to safety is causing US Treasury bond yields to fall sharply and fueling XAU/USD's rally. Investors await news on vaccines' effectiveness against the new COVID variant.

Gold News

Cardano could tank to $1 if ADA fails to defend crucial support

Cardano price is currently hovering below a freshly shattered 6-hour demand zone, ranging from $1.68 to $1.79. This resulting crash could extend to the immediate and critical foothold at $1.40. 

Read more

Black Friday 2021 Discounts!

Do you want to take your trading skills to the next level? Now you have a chance of leaping forward at attractive introductory rates. For Black Friday, FXStreet is offering discounts of up to 50% on its upgraded Premium plans. 

Subscribe now!

Majors

Cryptocurrencies

Signatures