Stock Movers Tesla and Musk; Berkshire Reports; Blade Acquisition
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Aug 4, 2025 Tesla's stock jumps as the board rewards Elon Musk with 96 million shares, aiming to keep him as CEO. Meanwhile, Berkshire Hathaway faces challenges after a $3.8 billion hit on its Kraft Heinz investment, though analysts believe its diverse operations will help it navigate turbulent markets. In exciting merger news, Joby Aviation plans to acquire Blade Air Mobility's passenger business for up to $125 million, enhancing urban air mobility options. Discover the latest market trends and what they mean for investors!
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Tesla Retains Musk With Stock Award
- Tesla approved an interim stock award of 96 million shares valued at $30 billion for Elon Musk.
- The board's action reflects urgency to retain Musk amid legal challenges over his previous compensation plan.
Comscope Sells Assets Amid AI Boom
- Comscope is selling its connectivity cable solutions segment for $10.5 billion to Amphenol to reduce debt.
- Amphenol benefits as the surge in AI drives increased demand for connectivity products.
Berkshire's Kraft Heinz Impairment
- Berkshire Hathaway took a $3.8 billion impairment on Kraft Heinz, impacting its cash reserves.
- Inflation and consumer shifts toward healthier options are key challenges for Kraft Heinz.