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Historic Decline in New Car Sales in Japan

Historic Decline in New Car Sales in Japan

In 2022, domestic new vehicle sales in Japan fell by 5.6 per cent compared to the previous year. This rate …

Turkish Airlines: How Did It Become Turkish Hairlines?

Turkish Airlines: How Did It Become Turkish Hairlines?

Turkish airlines started a big change in health tourism.Although baldness suits some men, no one wants to be bald. With …

Brands' Web3 Approach

Brands’ Web3 Approach

Vayner3 published a report on Web3 trends of 2023. The report highlights the Web3 approach of brands, the Web2.5 revolution …

App Store Announces the Best of 2022

App Store Announces the Best of 2022

The App Store was launched in 2008. It currently hosts 1.8 million apps. The App Store is visited by more …

Elon Musk, who sold $ 4 billion worth of Tesla shares last month, sold 22 million shares worth $ 3.58 billion. The value of Tesla shares traded on Nasdaq closed below $ 500 billion for the first time since 2020. Investors state that Musk's purchase of the social media platform is hurting Tesla. In addition, investors note that the sale does not seem to be planned and it is unclear whether Musk has finished the sale. Musk had previously announced during Tesla's third quarter earnings that the company would likely make a buyback of between $ 5 billion and $ 10 billion. However, the fact that sales are still ongoing also causes the reality of these statements to be questioned. While the company's value was more than $ 1 trillion until the last quarter of this year, there has been a serious decline from this value in recent months. Some analysts claim that the new stock sale is Elon Musk's response to some of the high-interest debt he paid for the $ 44 billion Twitter deal. Tesla investors are also concerned: The economy is weakening and high borrowing costs are starting to deter buyers. In addition, other companies are increasing their electric vehicle offerings. This raises concerns about the decline in demand for Tesla's electric cars.

Why Does Elon Musk Keep Selling Tesla Shares?

Elon Musk, who sold $ 4 billion worth of Tesla shares last month, sold 22 million shares worth $ 3.58 …

150 Million Dollar Investment in Blockchain Game Company

150 Million Dollar Investment in Blockchain Game Company

Fenix Games, which aims to be the next generation blockchain game publisher in the tech world, received an investment of …

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