EUR/USD 1.16254
0.323%
Gold 4472.95
1.937%
Oil 89.640
0.588%
USD/JPY 155.797
-1.832%
GBP/USD 1.35245
0.291%
GBP/JPY 210.696
-1.556%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
September 4th - The sanctions bill against Russia, which previously passed a large majority in the US Senate, is now stuck in the House of Representatives. Facing growing opposition, the bills review process is likely to be delayed until after the November election. Lawmakers are concerned that the bill could expand President Trumps tariff authority and drive up oil prices. The bill, introduced by the late Senator Lindsey Graham, authorizes Trump to impose tariffs of up to 100% on major buyers of Russian oil and gas, as well as countries that help Russia circumvent energy sanctions. House Speaker Mike Johnson stated that all parties support sanctions against Russia, but it is necessary to ensure the bill passes "the right way." Currently, some Democratic and Republican lawmakers have concerns about the bill, mainly focusing on the potential expansion of the presidents trade authority through tariffs and its impact on energy prices. House Foreign Affairs Committee Chairman Brian Master stated that the committee is assessing whether shifting Russian oil buyers to other sources could push up oil prices.SpaceXAI has launched GrokBot for businesses, offering enterprise customers a two-week free trial.Iranian Oil Minister: During the initial blockade, we successfully transported oil out of the blockade on several occasions and sold it thousands of kilometers away.According to a related statement, Brazil indicated that it might take reciprocal measures against the EU if negotiations aimed at lifting the EUs ban on Brazilian meat products fail to make progress.Grok: Grok is experiencing a problem. Due to a data center outage, some Grok functions may be running slowly or temporarily unavailable. We are working on the issue.

Tesla Shares Decline As Investors Criticize Musk's Twitter Activity

Aria Thomas

Dec 15, 2022 10:59

15.png


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.

Suggestion