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$Tesla(TSLA.US$ shares jumped as much as 8% on Wednesday after CEO Elon Musk said he was done selling his shares.
"I sold enough stock to get to around 10%, plus the option exercise stuff," he said in an interview.
With Musk's share sales now in the rear-view mirror, investors could once again shift their focus to the underlying fundamentals of the growing electric vehicle manufacturer. The company made progress on Wednesday towards receiving approval to begin vehicle production at its Gigafactory in Berlin, according to a Reuters report.
How's your Tesla position? Still holding or dumpped already?
Source:
Tesla jumps as Elon Musk says he's done selling stock and the EV maker moves closer to Berlin factory approval
"I sold enough stock to get to around 10%, plus the option exercise stuff," he said in an interview.
With Musk's share sales now in the rear-view mirror, investors could once again shift their focus to the underlying fundamentals of the growing electric vehicle manufacturer. The company made progress on Wednesday towards receiving approval to begin vehicle production at its Gigafactory in Berlin, according to a Reuters report.
How's your Tesla position? Still holding or dumpped already?
Source:
Tesla jumps as Elon Musk says he's done selling stock and the EV maker moves closer to Berlin factory approval
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$Grab Holdings(GRAB.US$ isn’t exactly an exception in the IT industry, where many companies continue engaging in loss-making operations over many years (Grab’s former chief rival $Uber Technologies(UBER.US$ springs to mind, $Tesla(TSLA.US$ is still losing money selling cars, and Singapore’s favourite e-commerce platform Shopee ( $Sea(SE.US$ ) continues to run in the red).
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$Grab Holdings(GRAB.US$ Its quarterly losses, particularly during a turbulent pandemic time, when various branches of the business are going up and down in tandem with national restrictions, are not a worry.
Nor was its 20 per cent tumble on the launch day of the IPO. As Grab co-founder Anthony Tan presciently quipped after the bell rang: “The stock will go up and it will go down” — as he saw his personal wealth enter and depart billionaire territory within a few hours.
But that wasn’t the point of the IPO. The point was to raise another US$4.5 billion to continue fuelling Grab’s growth in the next few years, in the hopes of more financial stability after 2023.
$Sea(SE.US$ , for example, traded below its IPO price for a year after its debut in 2017 at just US$15. This year, they peaked at over US$350, despite the fact that its Shopee platform keeps bleeding money.
Even after sliding to US$260, analysts retain forecast of close to US$400 — 26 times of what the company was worth four years ago.
The company started as a taxi hailing app, creeping up to become an Uber competitor, later moving into food delivery only to see this business explode and dwarf the mobility branch amidst the pandemic lockdowns.
The birth of GrabMart and grocery deliveries — with GrabFinance wrapped around all of these — offers another layer of digital finance services, allowing Grab to become a superapp people will use for far more than just moving from point A to B.
Just like how $Amazon(AMZN.US$ started with selling books, before it became the world’s largest e-commerce retailer, cloud service provider and, recently, a full-on entertainment outfit making multibillion dollar shows (like the latest take on the Tolkien’s saga), companies like Grab are seen for the opportunities access to millions of willing buyers gives them, not their current operations.
A dollar spent (even a borrowed one) on growth into new markets and new services, gives a promise of a future return far outweighing the current expenses.
Nor was its 20 per cent tumble on the launch day of the IPO. As Grab co-founder Anthony Tan presciently quipped after the bell rang: “The stock will go up and it will go down” — as he saw his personal wealth enter and depart billionaire territory within a few hours.
But that wasn’t the point of the IPO. The point was to raise another US$4.5 billion to continue fuelling Grab’s growth in the next few years, in the hopes of more financial stability after 2023.
$Sea(SE.US$ , for example, traded below its IPO price for a year after its debut in 2017 at just US$15. This year, they peaked at over US$350, despite the fact that its Shopee platform keeps bleeding money.
Even after sliding to US$260, analysts retain forecast of close to US$400 — 26 times of what the company was worth four years ago.
The company started as a taxi hailing app, creeping up to become an Uber competitor, later moving into food delivery only to see this business explode and dwarf the mobility branch amidst the pandemic lockdowns.
The birth of GrabMart and grocery deliveries — with GrabFinance wrapped around all of these — offers another layer of digital finance services, allowing Grab to become a superapp people will use for far more than just moving from point A to B.
Just like how $Amazon(AMZN.US$ started with selling books, before it became the world’s largest e-commerce retailer, cloud service provider and, recently, a full-on entertainment outfit making multibillion dollar shows (like the latest take on the Tolkien’s saga), companies like Grab are seen for the opportunities access to millions of willing buyers gives them, not their current operations.
A dollar spent (even a borrowed one) on growth into new markets and new services, gives a promise of a future return far outweighing the current expenses.
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$Grab Holdings(GRAB.US$ there will be volatility but don't worry your PTs will be reached (if reasonable)... already hit $20 on day 1 so the potential is proven. just a matter of when it reverses again
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$Grab Holdings(GRAB.US$ Because of Grab’s share-class structure, Anthony Tan has 60.4% voting rights even though he owns just 2.2% of the company. If he fully exercises his stock options, his voting rights will increase to 66.11%, according to a recent filing.
Even with today’s slide, the deal has created considerable wealth for other key executives of the Singaporean company. The holdings of co-founder Hooi Ling Tan and President Ming Maa are now worth US$224 million and US$126 million, respectively.
Even with today’s slide, the deal has created considerable wealth for other key executives of the Singaporean company. The holdings of co-founder Hooi Ling Tan and President Ming Maa are now worth US$224 million and US$126 million, respectively.
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$CrowdStrike(CRWD.US$ Q3 revenue $380.1M, consensus $363.53M. Raises FY22 revenue view to $1.4271B-$1.4329B from $1.39B-$1.41B (consensus $1.41B).Net new ARR growth accelerates
Ending ARR grows 67% year-over-year to surpass $1.5 billionAdds over 1,600 net new subscription customers for thesecond consecutive quarter
Delivers record operating and free cash flow
Ending ARR grows 67% year-over-year to surpass $1.5 billionAdds over 1,600 net new subscription customers for thesecond consecutive quarter
Delivers record operating and free cash flow
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$Tesla(TSLA.US$ Does any one know how many more shares does Elon still need to sell to meet his Twitter comment?
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Green day today! $DiDi Global (Delisted)(DIDI.US$
What about $Rivian Automotive(RIVN.US$ $SPDR S&P 500 ETF(SPY.US$ $Tesla(TSLA.US$?
What about $Rivian Automotive(RIVN.US$ $SPDR S&P 500 ETF(SPY.US$ $Tesla(TSLA.US$?
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