He sells, buys, resells, redeems.
Tesla chief executive Elon Musk sold an additional $ 973 million in shares on Tuesday, to pay taxes on his exercise of an option - roughly a buy - on 2.1 million shares of a worth $ 2.2 billion.
Last week, after polling netizens on Twitter, Musk sold about 8.2 million Tesla shares for roughly $ 8.8 billion, a share of the 10% stake in the company he held. 'he pledged to sell.
With electric car makers increasingly in demand on Wall Street, Tesla's stock has jumped more than 150% in the past 12 months.
Musk's fortune too.
Friday night, after a week of sales he had announced, the price had slipped 15.4% down.
And on Tuesday, the stock rose 4.1% to close at $ 1,054.73.
First exhaust-free pick-up factory
Driven by the wishes of the COP26, yet insufficient in the eyes of NGOs, the entire electric vehicle sector is racing. Launched on the stock market a week ago, the start-up Rivian Automotive has already increased by 120%. Thanks to an increase of an additional 22.95 million shares, Rivian's market cap rose to $ 153 billion, making the California-based company the third-most valued automaker in the world, ahead of Volkswagen. The group only produced a few hundred of its R1T pickup, but this type of vehicle is the goose that lays the golden eggs for manufacturers because they enjoy solid demand across the Atlantic from construction companies or of public authorities.
This is why General Motors officially opens this Wednesday, in the presence of US President Joe Biden, its very first non-exhaust emission-free pick-up plant in the United States. In this old factory in Michigan, completely remodeled, GM will produce by the end of the year its first electric GMC Hummers, the civilian version of the all-rounder of the US military. This green Hummer will be sold - without options - 112,595 dollars (99,525 euros). The main question will be the autonomy and duration of an electric recharge, especially if they are used for heavy work.
This is also a question posed by the Australian University of Queensland (UQ) which will recruit 500 Tesla owners in Australia, the United States, Canada, Norway, Sweden, Germany and Great Britain to collect all the data around the use of their car.
The researchers want to verify how much of the daily range of cars is used for driving, with the idea that the rest could supply the home network and support the energy demand of households.
With the development of electric fleets, UQ hopes to eventually work with other manufacturers.