Tesla is not alone: 18 (and a half) other big stocks are headed for their worst year on record

Tesla is not alone: 18 (and a half) other big stocks are headed for their worst year on record

In the worst year for stocks since the Great Recession, several big names are headed for their worst year on record with just one trading day left in 2022. The S&P 500 index SPX, +1.75% and Dow Jones Industrial Average DJIA, +1.05% are both headed for their worst year since 2008, with declines of 20.6% … Read more

Elon Musk’s Jet Has a Twitter Account Tracking It Again—With a 24-Hour Delay

Elon Musk’s Jet Has a Twitter Account Tracking It Again—With a 24-Hour Delay

Jack Sweeney, the college student whose Twitter account tracking Elon Musk’s private jet was suspended, is back on the social-media platform with a new jet-tracking account.  Mr. Sweeney, a University of Central Florida sophomore, created @ElonJetNextDay Thursday evening, he said. It follows the same set up as his original account, @ElonJet, except it shares the … Read more

Elon Musk’s Finances Complicated by Declining Wealth, Twitter Pressures

Elon Musk’s Finances Complicated by Declining Wealth, Twitter Pressures

Elon Musk ‘s immense wealth and borrowing power are now being tested as the Tesla Inc. TSLA -1.76% shares that have fueled his fortune have sharply declined while he rushes to stabilize his massive personal investment in Twitter Inc. The auto maker’s share value has nosedived 18% this week alone and more than 60% since … Read more

Elon Musk Says He Will Pause Selling Tesla Shares

Elon Musk Says He Will Pause Selling Tesla Shares

Elon Musk pledged to pause selling shares in Tesla Inc. TSLA -8.88% and said that a decision on a buyback of the company’s stock could be influenced by the severity of any economic downturn as he tried to ease concerns his purchase of Twitter was to the detriment of the electric-vehicle maker. Mr. Musk, on a … Read more

Tesla Bears Are Sitting on $15 Billion in Gains This Year

Tesla Bears Are Sitting on $15 Billion in Gains This Year

After years of wrong-way bets, investors shorting the shares of Elon Musk ‘s electric-vehicle maker are sitting on collective gains of $15 billion in 2022, according to data from S3 Partners.  Short sellers borrow shares and sell them with the hope of profiting by buying the stock back at a lower price later. Tesla shares … Read more

Elon Musk Seeks Additional Funds for Twitter

Elon Musk Seeks Additional Funds for Twitter

Elon Musk’s team has reached out for potential fresh investment for Twitter Inc. at the same price as the original $44 billion deal, according to one shareholder who said he was contacted about the proposal. Ross Gerber, president and CEO at Gerber Kawasaki Wealth & Investment Management, said a representative for Mr. Musk contacted him … Read more

Ukraine Steps Up Attacks on Russian Targets in Occupied Territory

Ukraine Steps Up Attacks on Russian Targets in Occupied Territory

KYIV, Ukraine—Ukraine said it struck a Russian ammunition depot and military base on occupied territory in the country’s east, as both sides ruled out the possibility of a Christmas cease-fire after almost 10 months of fighting. “A full cease-fire from our point of view will come only when there are no more occupying forces on … Read more

James Patterson to Complete Unfinished Michael Crichton Book

James Patterson to Complete Unfinished Michael Crichton Book

Author James Patterson says he has always been a fan of the late thriller writer Michael Crichton. Now he is going to finish writing one of Mr. Crichton’s books. The untitled novel, based on a partially finished manuscript provided by Mr. Crichton’s estate, is expected to be published in 2024 by Little, Brown & Co., … Read more

Elon Musk Sold More Than $3.5 Billion Worth of Tesla Shares

Elon Musk Sold More Than $3.5 Billion Worth of Tesla Shares

Elon Musk sold more than $3.5 billion worth of Tesla Inc. stock this week in his second round of sales since buying Twitter Inc. Mr. Musk sold nearly 22 million Tesla shares over a three-day period ending Dec. 14, according to a regulatory disclosure made public Wednesday.

Senate Passes Bill Banning TikTok From Government Devices

Senate Passes Bill Banning TikTok From Government Devices

WASHINGTON—The Senate passed by unanimous consent a bill that would ban federal employees from downloading or using the social-media app TikTok on government devices, in the face of mounting national-security concerns. The legislation would still have to pass the House and be signed by the president to become law. A similar bill passed the Senate … Read more