U.S. stocks dropped sharply on Friday as a new Covid variant found in South Africa triggered a global shift away from risk assets.
The $Dow Jones Industrial Average (.DJI.US)$ dropped 905.04 points, or 2.53%, for its worst day of the year, closing at 34,899.34. The $S&P 500 Index (.SPX.US)$ lost 2.27% to close at 4,594.62, while the $Nasdaq Composite Index (.IXIC.US)$ slipped 2.23% to finish at 15,491.66. The Dow was down more than 1,000 points at session lows.
$Moderna (MRNA.US)$ $Pfizer (PFE.US)$ $Clorox (CLX.US)$ $Royal Caribbean (RCL.US)$ $Carnival (CCL.US)$ $Norwegian Cruise (NCLH.US)$

Last week, Elon Musk sold about $6.9 billion worth of $Tesla (TSLA.US)$ shares. And those sales made Tesla shares decline 15.4% in one week.
We tried to find the real reason for Musk's sales last week. However, is selling shares the best choice for him?
The answer is NO.
One of the main reasons Musk is selling shares is because he needs the cash. But he can raise cash by selling options or selling shares.
1. Selling shares isn't the best way.
If Musk sells 10% of all his shares as promised, he can raise about $914 million after tax and 176 million shares will be left. The total taxes for him are around $17 billion.
2. More cash will be received if he chooses to sell his options.
If Musk chooses to sell 3/4 of his options, he can raise $5 billion after tax and still 176 million shares left.
He chose the first way last week.
Different scenarios are shown below:
Musk replied this on Twitter.
He knew the best way but he didn't do so.
Anyway, we gotta say he is a special person indeed.

$SIA (C6L.SG)$ when I want to buy at 4.80 it took me time to open trading account. by the time I open account and transferred money. it was at 5.58, bought and since then it dropped. what a bad luck I have to wait longer then thought. nevertheless, I still believe there would be no loss in the long run. hope I am right.

$Tesla (TSLA.US)$ This big brother speaks in Northeast dialect and is just being foolish. When Tesla reaches 1000, there are a bunch of people adding positions. Damn it, in the USA it's all about freedom of speech. You can't just talk rubbish, can you?
The trading volume champion of the US stock market on Friday, Tesla (TSLA.US), closed down 0.6%, with a trading volume of 26.36 billion US dollars. Tesla's market cap reached 1.2 trillion US dollars, with a cumulative increase of about 10% this week. However, David Trainer, CEO of independent investment research company New Constructs, believes that Tesla's market cap is overvalued by about 1 trillion US dollars, and the stock price could drop by 88% to around $150 per share.

$SSE Composite Index (000001.SH)$ dump alllll

$Hang Seng Index (800000.HK)$ good