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Highlights of the day: 21 April

April 16, 2024
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FinMeUp
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FinMeUp

FinMeUp highlights of the day

 

Elon Musk Twitter financing
Elon Musk says he has secured $46.5 billion in financing for his twitter bid. In the latest developments, Musk announcement that he will cover roughly half of the bid himself, with the remainder mainly financed by varying loans from Morgan Stanley.

Tesla
Earnings report for Q1 2022:
- EPS $3.22, which exceeded analyst expectations by 42%!
- Revenue $18,76 billion for the quarter, beating analyst expectations by 5,14%.
- Record margins reported

Kumba Iron Ore 
Production and sales report for Q1 2022:
- Total production decreased 21% due to high rainfall and equipment reliability caused by continued spares supply challenges.
- Total sales decreased by 8% as a result of rail constraints.

Anglo American PLC
Production Report for Q1 2022:
- Production down by 10%
- Rough diamond production increased 25%.
- Metal in concentrate production decreased 6% due to heavy rainfall in Mogalakwena.
- Copper production decreased 13%.
- Iron Ore production decreased 19%.
- Metallurgical coal production decreased by 32%.

ARK Investments
- ARK, led by Cathie Wood, bought shares in Roblox, Roku and more shares in Coinbase.
- They company sold shares in Spotify and Tesla

Biggest winners and losers: 
JSE
- Sasol +3.8%
- Kumba Iron Ore -12.6%

US
- Tesla +5.9%
- PayPal -5.0% 

Crypto
- Bitcoin +2.2%
- Ethereum +1.2%
- Terra +4.6%


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