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Futures Market Summary | Wednesday, April 22nd, CCTV News Highlights: 1. Continuously painting a new picture of a beautiful China. 2. Han Zheng meets with foreign representatives attending the third high-level meeting of the Global Forum on Shared Development. 3. Focusing on building a beautiful new Ningxia and striving to write a new chapter in Shaanxis modernization. 4. The remains of the 13th batch of Chinese Peoples Volunteer Army martyrs in South Korea returned to China today. 5. Investment stabilization policies are showing results, with investment rebounding in the first quarter. 6. The trade-in policy is showing effects, with digital and smart products experiencing rapid growth. 7. The selection of the first batch of foreign astronauts for Chinas manned space program has been successfully completed. 8. The State Council Information Office held a press conference with Chinese and foreign journalists entitled "Striving Individuals on the New Journey". 9. Fifteen departments issued opinions to promote youth development and full integration into all areas of the city. 10. The Ministry of Finance issued RMB 15.5 billion in government bonds in Hong Kong. 11. During the 15th Five-Year Plan period, the scale of Chinas software industry is expected to exceed RMB 20 trillion. 12. my country has built more than 5,500 green mines at the provincial level or above. 13. The "List of Achievements of the Action Plan for Creating the Future Together" was released. 14. Xiongan New Area released the phased achievements of the green development city model. 15. my country discovered a new lunar mineral, "cerium-magnesium Change stone". 16. The 2026 National Disabled Persons Cultural Week was launched. 17. The inter-provincial subway between Nanjing, Jiangsu and Maanshan, Anhui was opened. 18. Xinjiang implemented the 19th batch of Przewalskis horses released into the wild. 19. Japanese citizens held a rally to condemn the governments lifting of the ban on the export of lethal weapons as a serious violation of the constitution. 20. Iran said the US had repeatedly violated its promises and Iran refused to attend the negotiations. The US said it would extend the ceasefire with Iran and maintain the maritime blockade: (1) The Prime Minister of Pakistan said he would continue to promote the resolution of the conflict through negotiations. (2) The Houthi rebels in Yemen said they would never remain neutral in the face of US and Israeli aggression. 21. Hezbollah in Lebanon said the Israeli army violated the ceasefire more than 200 times. 22. EU officials say Europe will face challenges this summer due to energy issues. 23. Russia says it will achieve its military objectives; Ukraine says it will strengthen its response. 24. Thousands of Afghans who previously assisted the US may be sent to the Democratic Republic of Congo.United Airlines (UAL.O) CEO: United Airlines is focused on fuel supply and has not yet seen any shortages.United Airlines (UAL.O) CEO: I cannot comment on matters related to U.S. aviation.Google: Currently, 75% of all new code at Google is generated by artificial intelligence.Google: More than half of its machine learning computing investments will be used for cloud services.

Musk Asserts, "Tesla Is Always on My Attention" in Response to Twitter Distraction Concerns

Charlie Brooks

May 20, 2022 09:30

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Elon Musk, CEO of Tesla (NASDAQ:TSLA), stated on Thursday, "Tesla is always on my mind" in an effort to assuage investor concerns that he may be distracted by a Twitter (NYSE:TWTR) transaction that has weighed on the company's stock price.


Tweeting a picture of a woman (Tesla) concerned by her boyfriend's (Elon's) interest in another woman, he stated, "This may appear to be the case, but it is not."


"To be clear, I am devoting approximately 5 percent of my time to the Twitter acquisition. It requires no rocket science! "He sent a tweet.


"Yesterday, Giga Texas existed; today, Starbase does. Tesla is constantly on my mind."


Musk's rocket business SpaceX has a launch site near Boca Chica, Texas, known as Starbase. This year, Tesla established a new factory in Texas.


Tesla shares have lost one-third of their value since the billionaire disclosed his Twitter position in early April and sold $8.5 billion worth of Tesla shares to help finance his $44-billion Twitter transaction.


China's lockdown restrictions, which hampered Tesla's manufacturing, and Tesla's exclusion from a widely regarded S&P sustainability index weighed further on the stock market.


Tesla bull Wedbush analyst Daniel Ives reduced Tesla's share price estimate on Thursday owing to the China production setback and warned of "distraction risks" from Musk's Twitter agreement.


Major Tesla investor Leo KoGuan demanded on Thursday that the electric car manufacturer repurchase shares.


"Tesla must announce immediately and buy back $5 billion of Tesla shares from its free cash flow this year and $10 billion from its free cash flow next year, without affecting its existing $18 billion cash reserves with ZERO debt," KoGuan said in a Twitter message to Martin Viecha, Tesla's head of investor relations.


Viecha was unavailable for quick comment.


KoGuan, the third largest individual stakeholder in Tesla, stated last year that he was investing billions in the company because he believed in Musk's "great objective, which I share." In March, he stated that he was purchasing further Tesla shares and not selling during the stock's decline.