Business
Musk Sells $6.9 Billion of Tesla Stock
Elon Musk has sold almost $7 billion of shares in Tesla Inc. according to regulatory filings revealed on Tuesday. That sale comes just months after he said he had no plans to sell any more stock in the electric car maker. Emma O’Brien reports on Bloomberg Television.
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Uncertainty is mounting at Tata Sons as Chairman Natarajan Chandrasekaran prepares to step down after a boardroom deadlock. The leadership shake-up comes as India’s $180 billion conglomerate faces mounting financial and regulatory pressures.
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US equity futures waver and a global bond rout eases as higher yields attract investors. The yen strengthens as traders weigh intervention risks, while the BOJ is said to favor raising rates by a quarter point this month. President Trump says the latest strikes on Iran. US diesel prices hit a four-year high. Broadcom slips after the chipmaker’s results and short-term forecast failed to meet lofty expectations, despite predicting a boom in AI chips over the next two years. Seema Shah of Principal Asset Management joins “Bloomberg Brief” to discuss the implications of elevated yields on stocks.
Chapters:
00:00:00 – Bloomberg Brief Begins
00:00:18 – Top Stories & Headlines
00:00:50 – Global Market Check: Yen Surges as BOJ Leans Toward Rate Hike
00:02:13 – European Markets, Bond Yields & Swiss Economy
00:05:31 – What’s Driving the Yen’s Dramatic Strengthening, Dutch Central Bank Moves Gold From the US
00:09:14 – Iran Strikes US Bases as Middle East Tensions Escalate, China Pushes for a New Middle East Security Order
00:12:17 – Global Fuel Supply Strains Send Diesel Prices Higher, China’s Role in Shifting Global Oil Flows
00:17:19 – Broadcom’s AI Chip Boom Meets Short-Term Bottlenecks, Snowflake Sees Surge in Enterprise AI Adoption
00:20:00 – Front Page News
00:21:26 – Market Update: Stocks, Oil, Yields & the Yen
00:24:10 – Seema Shah, Principal Asset Management Chief Global Strategist, on AI Spending & Rising Bond Yields, Midterms, Market Volatility
00:33:47 – Trending on the Terminal
00:35:23 – Trump, Iran and Extended US Middle East Deployments, Xi Jinping Challenges US Influence in the Middle East
00:37:55 – Trump Administration and Birthright Citizenship
00:38:50 – Broadcom’s Long-Term AI Chip Growth Outlook, Snowflake, Databricks and the Enterprise AI Race, ByteDance Raises Billions for AI Expansion
00:42:35 – What to Watch
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This year’s Jackson Hole, the first of the Kevin Warsh era, comes at a very interesting time for monetary policy.
Kansas City Fed President Jeffrey Schmid joins Tracy Alloway and Joe Weisenthal on the Odd Lots podcast for a curtain raiser on the symposium and he shares this thoughts on the Fed’s ongoing battle with inflation.
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Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins.
The US and Iran exchanged strikes for the first time in about a month as American forces hit Iranian rocket launchers & the Islamic Republic responded by firing missiles toward Jordan.
Traders piled into bets that a quarter-point Fed rate hike next month is more likely than not as Federal Reserve Chairman Kevin Warsh doubled down on his vow to finally tame inflation that’s outpaced the central bank’s target for five straight years.
Today’s guest: Wolf von Rotberg, Equity Strategist, J Safra Sarasin
Chapters:
00:00:00 – Bloomberg Daybreak Europe Begins, Top Stories & Market Outlook
00:03:00 – Asian Stocks Fall on Fed Rate-Hike Bets
00:05:47 – US-Iran Strikes & Oil Prices Surge
00:09:30 – Kevin Warsh’s Jackson Hole Speech
00:10:43 – Fed Credibility & September Rate-Hike Outlook, Bank of Japan Rate-Hike Expectations
00:15:57 – Russia-Ukraine Strikes & Ground Offensive Risk, Russia, Iran & China Strengthen Ties
00:20:19 – Iceland Rejects Renewed EU Membership Talks
00:26:19 – Front Page News
00:27:15 – Fed Rate Hikes & U.S. Equity Outlook
00:28:12 – Wolf Von Rotberg, J Safra Sarasin Equity Strategist, on US Dollar, Gold, Bitcoin & the Debasement Trade, & Treasury Yield
00:36:51 – UBS Capital Rules & Swiss Banking Reform
00:41:11 – Germany’s Far-Right Election Test, What an AfD Victory Could Mean for Germany
00:45:30 – Fed Policymakers React to Kevin Warsh, Week Ahead
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Moody’s Analytics Chief Economist Mark Zandi says Nvidia’s earnings prove that the AI investment cycle is a “juggernaut” and critical to growth on “Balance of Power: Evening Edition.”
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@vamphighways
January 4, 2024 at 10:53 pm
funny numbers
@swaep114
January 4, 2024 at 10:53 pm
No One selling *IQSTEL… The Top Gaining EV stock in August… and Likely will be TOP EV Gainer in 2022..$$..??
@xpengfangirl7942
January 4, 2024 at 10:53 pm
china approves cash-in on tard money, tsla stock split 5X in Sept., we will fix the lib new order, AI will take your job, sign up to be a cop, and clean police rapists, anyway the weapons don´t get to Ukraine, we take them from donators, thank you, and anyway, nato squeezed china and russia too far, so now prepare ww3, if you ban gold, then we will shock you, thanks for handing the new order to russia and china, the yuan is getting too strong, so we buy rubles now, and rands, and russia gives us cheap oil, so we capitalize, and please buy btc, tesla, apple, and amazon, so our factories pumping, we on giga 4 now, all you need, and order with features, so we can see you better, leave africa to russia and china bz it is ours, you can have leftist south america for free
@jeno2432
January 4, 2024 at 10:53 pm
BTC's price has been fluctuating lately, buying the capitulation isn't a tough call, but it is a very tough call to figure out what to do aside holding. The good thing about the space is that you can buy the dips and put them into active trades, while confidently waiting for a pump in price because it is inevitable. Most people do not understand how the space works. Your advantage is understanding , Charts won’t guarantee what an asset is going to do. Prices will go up or down. Nevertheless, the market has been so profitable despite price ups and down. I've always played safe implementing trades with insights and signals from a renowned trader, Mr Jeff Erno . I made 22.5 BTC from the recent crash in the market last week.
@gt3_224
January 4, 2024 at 10:53 pm
BUYING AMC APES ????????? Historic Moass??? August 22????🚀🚀🚀🚀
@annddyyy-6920
January 4, 2024 at 10:53 pm
The Market has been pretty bad until today it decided to surge. Everybody was Practically Crying then. It kept dipping. That's what you get when you feel you can navigate the process on your own. Big thank to Hilder Ferguson. I'm not bothered with how bad the Market is because my assests are insured due to her advice and I still receive my profits
@truepersona6804
January 4, 2024 at 10:53 pm
Imagine EM buying Twitter Bots for 44 billion and selling it for 44 million to WALMART or ALIBABA !?! 😂🤣😂🤣.
INDEED LIFE'S A FULL CIRCLE !
@RocellerAlvarez
January 4, 2024 at 10:53 pm
He knew… he sold exactly during a bear market rally. The rally is almost over. Next week is the start of a MAJOR CRASH into a RECESSION. Sell your stocks before you get caught.
@lochan8180
January 4, 2024 at 10:53 pm
"And I saw the dead, small and great, standing before God, and books were opened. And another book was opened, which is the Book of Life. And the dead were judged according to their works, by the things which were written in the books.
The sea gave up the dead who were in it, and Death and Hades delivered up the dead who were in them. And they were judged, each one according to his works.
Then Death and Hades were cast into the lake of fire. This is the second death. And anyone NOT FOUND written in the Book of Life was cast into the lake of fire." (REVELATION 20:12-15 NKJV)
Today, while you are still alive and able, may you repent from your sins, believe in your heart and confess with your mouth that JESUS CHRIST is your Lord and Savior, so that through Him, your name will be written in the Book of Life.
"For God so loved the world that He gave His only begotten Son, that whoever BELIEVES in Him
should not perish but have everlasting life.
For God did not send His Son into the world to condemn the world, but that the world through Him might be saved." (JOHN 3:16-17 NKJV)
By God's GRACE, the gift of Salvation and Eternal Life is available to all. You can RECEIVE it. You can REJECT it. May you choose wisely ✝️
@elenaisla3005
January 4, 2024 at 10:53 pm
*IT'S BEEN SO ROUGH FOR ME TRADING ON MY OWN BECAUSE I HAVE HAD MUCH LOSSES. THINK THE REAL MARKET IS MANIPULATED. PLEASE, CAN ANYONE HELP ME OUT OR TELL ME WHAT I'M DOING WRONG.*
@jansprlak110
January 4, 2024 at 10:53 pm
Beta tester od roku 2016 oceňujem,,
@satishsoni1797
January 4, 2024 at 10:53 pm
This is peak for Tesla. Now there are competitors and Elon knows it. With Behemoths like Ford, GM, Toyota, Hyundai etc. entering EV space, Elon knows it's time.
@francescook2740
January 4, 2024 at 10:53 pm
I’ve been earning over $8k weekly from my investment, all thanks to Mrs. Maria Hernandez 🙏🙏🙏 you are the best in trading
@jamesnguyen7069
January 4, 2024 at 10:53 pm
he cashed out to buy crypto… to reward, (the same people who pushed up his tsla stock) duh…einstein…the TWITTER settlement is legalized money laundering… companies can no longer have offshore money. they find new loopholes everyday from the government
@ManyHeavens42
January 4, 2024 at 10:53 pm
I new that was coming
I smart.
@MYRIAMLATEUR
January 4, 2024 at 10:53 pm
Why don’t you talk about Musk losing billions of subsidies for Tesla, Spacex and Starlink? Subsidies=your tax money!
Federal Communications Commission finally realises the poor results of Spacex and Starlink and is cutting billions of subsidies right now.
Tesla losing billions, Musk selling billions of stock again, factories closing, and billions of subsidies withdrawn due to quality issues and false promesses of FULL auto piloting.
Musk is about to lose the Twitter case: 45 billion! Despite his army of A+ lawyers!
The myth around Musk starts to unravel.
@princessjavellana898
January 4, 2024 at 10:53 pm
Carlo magno obo manobo agla mantrams jem
@bobdobbs7600
January 4, 2024 at 10:53 pm
Trash news
@olvinfuentes7514
January 4, 2024 at 10:53 pm
69
@pt265
January 4, 2024 at 10:53 pm
.Buy the dip in Verizon, WBD, and FAAMG stocks (Amazon, Apple, Microsoft, Google) are such cash cows, and their stocks have dropped -27% since the highs in 11/2021 that I expect they would buy back their shares.
Here's why:
– people have jobs, under 4% unemployment
– banks report the highest balances in people's accounts
– house values are way up, people can always pull out the equity for cash
– credit card sales for restaurants and hotels are up.
– Back to school will increase retail sales. I have to buy the kids a new Apple Macbook, iPad, Apple pen 2nd gen, and dorm stuff.
Nothing to worry about. Q1 is historically low retail sales for the last 4 years.
Morgan Stanley data shows that credit and debit card spending are way up (restaurants and hotel), but people just aren't buying lowend retail (Walmart, Target) as much.
@rajeevprasad1449
January 4, 2024 at 10:53 pm
musk is on downward spiral. from now on, this is the beginning of his end.
@rajeevprasad1449
January 4, 2024 at 10:53 pm
elon musk is a fraud.
@j4m3zflem007
January 4, 2024 at 10:53 pm
funny. he always sells right before its about to plummet. lets see
@petermoyse
January 4, 2024 at 10:53 pm
Tesla is facing massively increasing competition from America's other and Japan's auto manufacturers. The most money Tesla makes comes from EV sales. They are about to be blitzed by Ford, Toyota/Lexus, GM and possibly even VW EVs. Best to sell stock now on the back of strong sales. Those sales aren't gonna stay strong for long. Tesla has been fiddling around with their truck for 3 years. In the meantime, Ford has launched the Ford 150 Lightning and they can't even keep up with demand. Tesla needs to diversify. Launching a smartphone is a start. But, IMO, the Tesla brand is way overvalued.
@han605
January 4, 2024 at 10:53 pm
to settle with Twitter?
@ricks871
January 4, 2024 at 10:53 pm
What a waste of money twitter is
@chaselewellyn4287
January 4, 2024 at 10:53 pm
Tesla needs to change their moto to "Ask Why"
@TheStrangeKage
January 4, 2024 at 10:53 pm
I have 110shares igot in 2018. Should I sell to pay off credit cards
@bullwaves6681
January 4, 2024 at 10:53 pm
People treat Elon like God, I just can't understand that. Dude is a manipulator.
@simonfes3770
January 4, 2024 at 10:53 pm
Mid/small caps are high beta stocks. With deep research about quality of management and business, it is possible to zero on good/great companies. A few companies, held for a decade in this space can be a game-changer I have earned all my returns by investing in mid/small caps.
@cosminviziteu1551
January 4, 2024 at 10:53 pm
Elon musk is the Antichrist, don’t let him fool you. He wants us to put his neuralink chips in our brains. Don’t let him do that to you. God bless you all.
@r.minnis9722
January 4, 2024 at 10:53 pm
Elon: Im not selling ……. so you buy then you hear rug sweeping from under you what a con man
@arodriguez2707
January 4, 2024 at 10:53 pm
He's cashing out because Tesla is going to become a Zombie as USA hits a prolonged recession. 8.8 Trillion Fed balance sheet pushed up financial asset prices, and it's reduction will push down financial assets prices besides from sending USA into recession.
@valdomero738
January 4, 2024 at 10:53 pm
Sell sell sell baby
@JimmyHuynhdesign
January 4, 2024 at 10:53 pm
Good news bad news…you can't deny that large companies have been freezing hiring and running layoffs in masses. This is them telling us that they dont see major profits heading into the future.
@herrwahnsinn4229
January 4, 2024 at 10:53 pm
Musk thinking about disgusting fanboy simps – have you heard of Sagmar? You're not on the team
@jonrichcorpuz2380
January 4, 2024 at 10:53 pm
Lol 6.9
@andrel.2768
January 4, 2024 at 10:53 pm
Not 6.8, not 7.0, but 6.9.
@requiem5179
January 4, 2024 at 10:53 pm
I already think Ford and GM have better EV products. Once Jeep and other popular models emerge, Tesla becomes more niche and irrelevant.
@Fetchem1222
January 4, 2024 at 10:53 pm
Short Tesla. Too much competition- ford raising prices due to demand. Tesla is heading to the bottom of the pond.
@googlebanmetoomuch2601
January 4, 2024 at 10:53 pm
He sells whenever the price is up
@malcolmang9867
January 4, 2024 at 10:53 pm
Look like Tesla fail to the moon.
@tjmns
January 4, 2024 at 10:53 pm
TTOO might be a good comeback they have a monkey pox panel coming out soon, maybe a good discount price right now just sayin (imo)