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Highlights of the day: 26 April

April 16, 2024
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FinMeUp
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FinMeUp

FinMeUp highlights of the day

 

Twitter
- Elon Musk completed the acquisition of Twitter for about $44 billion.
- He aims to take the company private and make them a global leader in free speech.

Tesla
- Cathie Wood of ARK Investments sold $8.2 million of Tesla shares after Elon Musk acquired Twitter.

Nio
- Nio rolls out 200,000 EVs in record time.
- By the end of 2022, Nio expects to open at least 100 new stores and over 50 Nio service centres.

China
- Chinese stocks bounce off 2-year lows on Tuesday.
- This comes from the hopes of easing measures to reduce the economic impact of Covid-19 in the country.

Kaap Agri
Trading Statement:
- EPS will be between 365 cents and 368 cents. This is an increase of roughly 22% compared to this time last year.
- HEPS will be between 340 cents and 343 cents. This is an increase of roughly 14% compared to the HEPS reported this time last year.

Biggest winners and losers: 
JSE
- Telkom +5.6%
- Kumba -2.2% (sell off continues)

US
- Sherwin Williams +8.9%
- Tesla -7.4% (sell off continues)

Crypto
- Bitcoin +0.7%
- Ethereum +1.4%
- Terra +2.8%


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