Monday, April 18, 2022

Why Tesla investors may need to worry about Elon Musk's Twitter distraction

Tesla is in a highly competitive electric car market. It has no chief operating officer. And CEO Elon Musk was already busy juggling leadership roles at SpaceX, The Boring Company and Neuralink before he launched an unsolicited takeover offer for Twitter. That's a lot of distractions. And it may be one too many for Tesla investors.
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Why Tesla investors may need to worry about Elon Musk's Twitter distraction
Tesla is in a highly competitive electric car market. It has no chief operating officer. And CEO Elon Musk was already busy juggling leadership roles at SpaceX, The Boring Company and Neuralink before he launched an unsolicited takeover offer for Twitter. That's a lot of distractions. And it may be one too many for Tesla investors. Read more »
 
The biggest risk to the global economy no one is talking about
Nearly 400 million people across 45 cities in China are under full or partial lockdown as part of China's strict zero-Covid policy. Together they represent 40%, or $7.2 trillion, of annual gross domestic product for the world's second-largest economy, according to data from Nomura Holdings. Read more »
 
Trading metals is still a mess. It's not just about nickel
Almost two months after Russia's invasion of Ukraine, the global metals trade remains in turmoil. Read more »
 
China's economy had a good first quarter. Lockdowns leave it 'in distress'
China's economy made a solid start to the year, recording first quarter growth that surpassed expectations. But a recent slump in consumer spending and rising unemployment suggest much tougher months ahead with dozens of cities still under Covid lockdowns. Read more »
 
Toyota, Volkswagen and Tesla are bringing factories in China back on line
Toyota and Volkswagen are gradually bringing their China factories back on line after they were closed for weeks because of Covid lockdowns. Read more »
 
Taco Bell is bringing back a fan-favorite menu item
Taco Bell is bringing back the Mexican Pizza after a roughly two-year hiatus. Read more »
 
 
 
 
Dow Nasdaq S&P
-39.54   -18.72   -0.90
34,411.69   13,332.36   4,391.69
-0.11%   -0.14%   -0.02%
YTD -5.30%   YTD -14.78%   YTD -7.86%
 
Biggest Winners
Twitter Inc +7.48%
 
Synchrony Financial +6.18%
 
Valero Energy Corp +5.24%
 
Phillips 66 +5.20%
Biggest Losers
Charles Schwab Corp -9.44%
 
Organon & Co -4.36%
 
Becton Dickinson and Co -4.26%
 
Paycom Software Inc -3.42%
Hottest ETF
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NYSE Market Volume
NYSE Market Volume
Key Market Stats Latest Today's Change
Oil $107.58 +0.63 / +0.59%
Gold $1,981.60 +6.70 / +0.34%
10-yr 2.86% +0.03
Euro $1.08 -0.00 / -0.31%
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