Tesla: Elon Musk sold $6.9 billion worth of shares – 08/10/2022 at 14:51

(AOF) – Elon Musk sold $6.9 billion worth of Tesla shares. In a tweet, the businessman justified this sale by the need to have funds if he lost his legal battle against Twitter. He thus avoids, in the event of defeat, having to sell his shares urgently and at the wrong time.

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A paradoxical performance

Data from EY highlights that the performance of the world’s top 16 manufacturers was particularly strong in 2021. While the average margin has fallen for three years in a row, from 6.3% in 2017 to just 3.5% in 2020 , this margin stood at 8.5% in 2021. This level is a record for ten years. However, the context was particularly hectic for manufacturers, faced with unprecedented shortages of components. Global sales fell 14% in 2020, the year of the health crisis, to rebound by only 5% in 2021. However, last year, players were able to reap the benefits of their efforts on their fixed cost structure. .

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