Is Sirius XM Finally a Tesla Stock Play?

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Is Sirius XM Finally a Tesla Stock Play?

^{Published on 2024-12-04 14:13:01 - Michael Jones, N@N}

An owner of one of the more widely owned models has had to use Bluetooth connectivity to stream from their phone app or use Tesla's web browser to access an active Sirius XM subscription. The process is getting far more seamless this week as Tesla pushes out its holiday update.

The article from AOL discusses Sirius XM's recent financial performance and its implications for Tesla stock. Sirius XM reported a significant increase in its stock value, rising by 27% in a single trading session after announcing a special dividend of $0.24 per share, payable on November 29, 2023, to shareholders of record as of November 6, 2023. This move was part of a broader strategy to return capital to shareholders, which also included a 10% increase in its regular quarterly dividend. The article highlights that Sirius XM's strong performance and dividend announcements could positively influence Tesla, given that Tesla has a partnership with Sirius XM for in-car entertainment. However, the article also notes that while Sirius XM's success might indirectly benefit Tesla, Tesla's stock price is influenced by numerous other factors including its own financial results, market conditions, and broader economic trends.

Read the Full AOL Article at:
[ https://www.aol.com/sirius-xm-finally-tesla-stock-164500792.html ]

Contributing Sources

Michael Jones

N@N