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Biotech Bankruptcies Hit a Record Despite Sector's Recovery
Tesla, Inc. cashed out a total of about 300 million US dollars for the fifth reduction of his holdings this month.
Cathy Wood's Ark Investment Company sold another 41457 shares of Tesla, Inc. on Thursday, the fifth time the company has reduced its stake in Tesla, Inc. this month, selling a total of 395638 shares five times, cashing out about $300m. Last Wednesday and Thursday, Ark sold 183648 shares of Tesla, Inc. for two consecutive days, cashing out about $138.5 million. On Tuesday, the company sold 88924 Tesla, Inc. shares for about $66.2 million, while on Wednesday it sold 81609 shares for about $61.7 million. Tesla, Inc. 's share price rose 0.15% to close at 756.9 on Thursday.
Samsung SDI is considering building a battery factory in Illinois.
Samsung SDI, a subsidiary of South Korea's Samsung Group, is considering building a battery factory in central Illinois, U.S. Senator Dick Durbin revealed on Thursday. Samsung SDI is discussing building a battery factory in Normal, Illinois, Durbin said. Rivian, an electric car start-up backed by Amazon.Com Inc and Ford, now has a factory in Normal and said in April that Samsung SDI would supply batteries for its cars. "We are competing for a large battery factory at Samsung," Durbin said on Thursday. A delegation came from South Korea this week.
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