Stock

Tesla CEO Elon Musk just made two big announcements

Elon Musk is considering building a new social media platform that prioritizes freedom of speech, the chief executive of Tesla Inc (NASDAQ: TSLA) indicated in a recent Tweet.

Musk is disappointed in Twitter

The billionaire’s comment arrives a day after he expressed disappointment in Twitter, which, he said, stood in the way of free speech.

Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy. What should be done?

Twitter is yet to officially respond. The founder of SpaceX is frustrated with the fact that the U.S. regulators scrutinize his tweets on the microblogging platform.

Tesla shares are up 6.0% on Monday

Also on Monday, Tesla Inc shares are up 6.0% on reports that the EV maker wants to issue additional shares to pay a stock dividend. The proposal will be up for shareholders to vote on, at its annual meeting.

Commenting on the price action, Wedbush Securities’ Dan Ives said on CNBC’s “Squawk Box”:

Investors will read this as management’s increased confidence in the business. They won’t do a stock split if they feel like things are super negative. So, a split could be a massive catalyst for the stock over the coming months.

Last week, Tesla officially launched its Berlin Gigafactory.  

The post Tesla CEO Elon Musk just made two big announcements appeared first on Invezz.

Disclaimer: MonopolyWinnersUpdates.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 MonopolyWinnersUpdates.com. All Rights Reserved.

To Top