Tech tracker round-up: Elon Musk snaps up Tesla stock, iZettle plans Nasdaq float

Mark Shapland8 May 2018

Here the Evening Standard business team highlights all the major tech news today.

The main story in the tech world sees Tesla's Elon Musk put some money where his mouth.

The chief executive officer bought $9.85 million worth of Tesla shares yesterday. Musk is already Tesla’s largest shareholder, and his stake now near the 20% mark.

Last week Musk caused a stir when he turned his ire on financial analysts for not entertaining him.

On Tesla’s earnings call he dismissed questions from analysts concerning the car-maker’s Model 3 as “boring, not cool and so dry” - with Toni Sacconaghi at Bernstein coming in for particularly harsh treatment after he dared to ask about capital-expenditure.

“Excuse me, excuse me. Next, next. Boring bonehead questions are not cool. Next,” Musk said.

When Joseph Spak, an analyst from RBC Capital Markets posed a question about the Model 3, Musk reportedly paused for 15 seconds, before adding: 'These questions are so dry. They're killing me.'

Away from Musk and fast-growing Swedish financial technology company iZettle said it plans to list on the Nasdaq Stockholm stock exchange this year - which would make it one of the biggest European fintech companies to list so far.

Finally in London, Bloomsbury Publishing has announced an important content partnership with Spotify, the world’s largest music streaming service.

Spotify will offer Bloomsbury titles in a variety of formats exclusively through their streaming service.

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