Tag Archives: STOCK

Amazon Lost $53 Billion in One Day Because Trump Has Opinions

With politicians, users, and even its own employees furious with Facebook in the wake of the Cambridge Analytica scandal, it’s hard to imagine that a company could be more screwed than the social network. But we live in Trump world now, and his “obsession” with punishing Amazon is causing investors to flee at a cost of $53 billion. Continue reading Amazon Lost $53 Billion in One Day Because Trump Has Opinions

Tesla is selling $2 billion in stock to make the Model 3

When Tesla talked about its earnings in early May, one big question came up: just how will the company afford to make hundreds of thousands ofModel 3s (over 373,000, at last count)? By raising a ton of investment money, that’s how. Tesla has announced that it’s selling a total of $2 billion in stock, about $600 million of it from Elon Musk himself, to pay for its expansion plans. It had to move up its goal of 500,000 electric vehicles per year to 2018 in response to Model 3 deposits, and that means having a “good buffer of cash” (as Musk said during the earnings call) to keep things humming.

Continue reading Tesla is selling $2 billion in stock to make the Model 3