Connect with us

Tech

Exclusive: Elon Musk sells nearly $7 billion in Tesla shares – TalkOfNews.com

Published

on

Elon Musk sells nearly $7 billion in Tesla shares

#Elon #Musk #sells #billion #Tesla #shares

Tesla CEO Elon Musk is at it again selling shares of his electric vehicle company, per regulatory filings. Since Friday, the executive has sold 7.9 million shares, which totals about $6.9 billion. This is the first time Musk has sold shares in Tesla since April, when he disposed of 9.6 million shares, worth about $8.5 billion.

Musk appears to be selling the shares to stock up on cash in case he’s forced to go through on his $44 billion Twitter acquisition. The executive tweeted Tuesday evening that he was done selling for the moment.

“In the (hopefully unlikely) event that Twitter forces this deal to close and some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock,” tweeted Musk.

Last month, Musk told Twitter he’s killing the deal because he believed the social media company to be misleading in its bot calculations. However, over the weekend, the executive waffled a bit, tweeting: “If Twitter simply provides their method of sampling 100 accounts and how they’re confirmed to be real, the deal should proceed on original terms. However, if it turns out that their SEC filings are materially false, then it should not.”

Musk also tweeted Tuesday evening that if the Twitter deal doesn’t close, he’ll buy back his shares. Perhaps he’ll wait until Tesla issues its three-to-one stock split, which Tesla shareholders approved last week, so he can buy them back on the cheap.

Over the last ten months, Musk has sold around $32 billion worth of stock in Tesla.

Tesla shares were down 2.44% today but are trading relatively flat in after-hours, suggesting the stock sales are yet to have an effect on Tesla’s share price. Tesla’s stock took a hit late last year when Musk sold off more than $16 billion worth of sales after polling his Twitter fans on whether he should trim his stake, a move that got him in hot water with the Securities and Exchange Commission.

This article has been updated with confirmation from Elon Musk that the stock sales are related to his Twitter acquisition.

Advertisement


Tech

Exclusive: The iPhone 14 Pro’s camera cutout might look a lot like a notch after all – TalkOfNews.com

Published

on

By

Weibo leak of iPhone 14 Pro design and packaging sticker

#iPhone #Pros #camera #cutout #lot #notch


Continue Reading

Tech

Exclusive: Now you can watch Paramount Plus and Showtime in a single app – TalkOfNews.com

Published

on

By

Now you can watch Paramount Plus and Showtime in a single app

#watch #Paramount #Showtime #single #app

You can now access the content packed into Paramount Plus and Showtime from a single app. First bundled as a subscription last September, Paramount and Showtime’s catalogs have been separated between two apps for viewers in the US, but viewers can now access the full roster of TV shows and films from the Paramount Plus app.

For new subscribers, the Paramount Plus and Showtime bundle is available at a discounted rate until October 2nd, at $7.99 per month for the Essential plan (which includes ad breaks) with Showtime and $12.99 per month for the Premium plan with Showtime that adds more sports, live broadcasts of your local CBS station, and downloads for offline viewing on mobile, and mostly removes ads, except on live TV and certain shows. After October 2nd, the regular pricing resumes with the combined Essential tier at $11.99 per month and the Premium plan for $14.99 monthly.

Paramount Plus as a standalone service will continue to be available on two subscription tiers without Showtime: the ad-supported Essential plan ($4.99 per month) and the ad-free Premium tier ($9.99 per month).

“This singular user experience streamlines sign-up and enhances discovery, and this lower price will allow more households to enjoy with exceptional entertainment offering,” Paramount Global Streaming president Tom Ryan said in a press release announcing the new service.

iPhone screen showing the paramount plus app highlighting the showtime series your honor

Paramount Plus and Showtime were previously bundled in two apps under one price.
Image: Paramount
Advertisement

In case you haven’t been streaming Star Trek and Halo TV shows for the past few years, here’s the rundown on what these apps are. Paramount Plus is the rebranded version of CBS All Access. Its parent company, ViacomCBS, rebranded to Paramount earlier this year to further focus its attention on streaming. In May, Paramount Plus reported that its subscriber count grew to almost 40 million during its first quarter, and in June, Paramount Plus said it planned “to commission” 150 international original series, adding more to its current roster.

Laptop screen with Paramount Plus on the screen highlighting the Showtime series Billions

The service will be available at a lower price until October 2nd.
Image: Paramount

In mid-August, the streaming service partnered with Walmart to bundle its service with Walmart Plus, and it has been included in other packages like this one with T-Mobile’s wireless service. These bundles don’t cost quite as much as cable once did, but pulling the offerings closer together is similar to Disney’s approach with the combination of Disney Plus, Hulu, and ESPN Plus, while HBO Max will be absorbed into a new combo app with Discovery Plus in 2023. Netflix, meanwhile, is going it alone but has plans to roll out an ad-supported streaming package, and has started to offer games as an added feature for your subscription fee.

Advertisement
Continue Reading

Tech

Exclusive: Who Should Be the Next James Bond? io9 Picks – TalkOfNews.com

Published

on

By

Who Should Be the Next James Bond? io9 Picks

#James #Bond #io9 #Picks

Tech. Science. Culture.

ShopSubscribe

Tech. Science. Culture.

AboutGizmodo AdvisorGizmodo Store

Explore our other sites

  • avclub
  • deadspin
  • gizmodo
  • jalopnik
  • jezebel
  • kotaku
  • lifehacker
  • quartz
  • theroot
  • thetakeout
  • theonion
  • theinventory

  • Off
  • English

Movies

Our editors offer their choices for which actor should follow in the footsteps of Daniel Craig.

By
Artem Golub
Continue Reading

Exclusive

Copyright © 2022 Talk Of News.