Daily Archives: November 11, 2021


After Promise, Musk Sells $1.1 Billion in Tesla Shares to Pay Taxes

After making a promise on Twitter, Tesla CEO Elon Musk has sold about 900,000 shares of the electric car maker’s stock, netting over $1.1 billion that will go toward paying tax obligations for stock options.  The sales, disclosed in two regulatory filings late Wednesday, will cover tax obligations for stock options granted to Musk in September. He exercised options to buy just over 2.1 million shares for $6.24 each. The company’s stock closed Wednesday at $1,067.95 per share.   The transactions were “automatically effected” as part of a trading plan adopted …


US, China Surprise Climate Summit With Joint Declaration

The United States and China surprised the COP26 climate summit in Glasgow on Wednesday with a joint declaration to take action to limit global warming over the next decade. The declaration came as delegates entered the final hours of negotiations to agree on a final text at the conference that will outline how the world will limit global warming to less than 1.5 degrees Celsius above pre-industrial levels. China and the United States are the world’s two biggest polluters, and scientists say their future actions are critical in the fight …