No More Tesla Stock Sale For Two Years !

Credit: Alexander Shatov/ unsplash
  • The Tesla chief executive, Elon Musk, has said he will not sell any more of the electric car company’s stock for about two years.
  • Musk said he foresaw the economy would be in a “serious recession”.
  • Demand for big-ticket items would be lower.

His comments came after a Tesla stock sell-off deepened on Thursday over worries about softening demand for electric cars and Musk’s distraction with Twitter and his stock sales. 

No Sale Of Stocks

“I won’t sell stock...

https://mfame.guru/no-more-tesla-stock-sale-for-two-years/

Top LNG Shipping Giant To Go Private

  • More shipowners have come to Wall Street than have left over the past half decade.
  • Yet most of the new arrivals have been micro-cap stocks and some of the recent departures have been big names.
  • On Monday, liquefied natural gas (LNG) shipping giant GasLog Ltd. (NYSE: GLOG) announced plans to go private.
The delisting of GasLog

The delisting of GasLog follows on the heels of January’s definitive agreement to fold Navios Containers (NYSE: NMCI) into Navios Partners (NMM), December’s “take...

https://mfame.guru/top-lng-shipping-giant-to-go-private/

Nikola founder whittles holdings in electric truck startup

The biggest question surrounding last week’s expiration of a lockup on early buyers of Nikola Corp. (NASDAQ: NKLA) shares focused on what Trevor Milton would do with his 91.6 million shares.

The answer: Not much. At least not yet.

Milton sold about 3.2 million shares in three separate transactions on Friday, three days after the lockup lifted. He still owns 88.4 million shares and remains the company’s largest shareholder. 

Milton resigned from Nikola on Sept. 20, about 10 days after a scathing...

https://s29755.pcdn.co/news/nikola-founder-whittles-holdings-in-electric-truck-startup