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November 9th - Trump: I am pleased to announce that the great attorney John Coale has been nominated as the U.S. Special Envoy to Belarus. He has successfully facilitated the release of 100 hostages and is working to secure the release of another 50. I would like to express my sincere gratitude in advance to the esteemed President Lukashenko of Belarus for considering the release of these additional hostages.U.S. Treasury Secretary Bessant: Substantial progress is being made on the inflation issue, and prices are expected to fall in the coming months.On November 9th, local time, Ukrainian President Volodymyr Zelensky signed a new sanctions decision, imposing sanctions on several Russian government officials and institutions. Ukraine called on the international community to increase pressure on Russia and sanction all individuals and organizations that fund war and spread disinformation. Ukraine stated that this round of sanctions includes "Russian government members involved in the plunder of occupied Ukrainian territories" and personnel from Russian military intelligence. Ukraine also plans to take further measures against publishing institutions within Russia engaged in war propaganda and defense of aggression. According to Ukrainian sources, the sanctions list includes individuals such as Russian Presidential Special Representative Kirill Dmitriev.Iraqs State Oil Marketing Organization (SOMO) announced that Iraq has set its official selling price for December Basra medium crude oil to Asia at a discount of $0.35 to the average price of Oman/Dubai crude oil.November 9th - According to Japans TBS News, a 5.6-magnitude earthquake struck off the eastern coast of Honshu, Japan, at 6:28 PM local time on the 9th, with a focal depth of 10 kilometers. The epicenter was located off the coast of Sanriku, and Morioka City in Iwate Prefecture experienced noticeable tremors with an intensity level of 3. A 6.7-magnitude earthquake had just struck the same area at approximately 5:03 PM local time on the 9th, triggering a tsunami. According to the latest observations, the tsunami has reached several locations in Iwate Prefecture, including Miyako, Kuji Port, and Ofunato. No casualties have been reported so far.

Tesla Shares Decline As Investors Criticize Musk's Twitter Activity

Aria Thomas

Dec 15, 2022 10:59

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On Wednesday, Tesla (NASDAQ:TSLA) shares reached their lowest level in more than two years as investors, including a "fanboy" of CEO Elon Musk, criticized Musk's diversion from the electric vehicle firm after his purchase of Twitter.


Tesla, the most valuable automaker in the world, has been one of the worst performing stocks among major automakers and tech companies this year. Investors are concerned that Musk's purchase of Twitter could divert his attention away from Tesla, and that he may sell more Tesla shares to prop up the struggling social media company.


Investors are also growing concerned that his actions could harm the reputation and sales of Tesla, the leading electric vehicle manufacturer in the world, which is facing increased competition.


KoGuan Leo, who identifies himself as Musk's "fanboy," tweeted on Wednesday, "Elon abandoned Tesla and Tesla has no working CEO." Leo is the third-largest individual stakeholder in Tesla and sees himself as Musk's "fanboy."


"Are we simply Elon's naive bagmen?" he asked. A Tim Cook-like executioner is required, not Elon.


After plunging as much as 3.2%, Tesla shares traded down 1.4% to $155.88 a share, the lowest level since November 18, 2020.


Tesla shares have declined 55% so far this year, underperforming GM, Ford, Apple (NASDAQ:AAPL), and Amazon.com.


Musk stated without elaboration on Tuesday that he will "ensure Tesla shareholders receive long-term benefits from Twitter."


Even Tesla bulls and devoted fans were dissatisfied with Musk's inflammatory statements.


"Elon is an incredibly gifted business leader. Gary Black, a Tesla bull, tweeted on Wednesday, "He will learn soon (if not already) that his controversial political views are affecting customer perceptions of $TESLA EVs."


"Clients do not want their automobiles to be controversial. They want to be damned proud to drive them, not ashamed."


Tuesday, Goldman Sachs (NYSE:GS) decreased its price target for Tesla shares and its expectations for the company's fourth-quarter deliveries and gross margins due to weaker supply and demand.

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