United States | News & Politics

3090 readers

934 users here now

Welcome to !usa@midwest.social, where you can share and converse about the different things happening all over/about the United States.

If you’re interested in participating, please subscribe.

Rules

Be respectful and civil. No racism/bigotry/hateful speech.

Post anything related to the United States.

founded 2 years ago

MODERATORS

simsymbiote@midwest.social

Type1@midwest.social

Tesla shares dive as investors fear new Elon Musk political party will damage brand (www.theguardian.com)

submitted 1 day ago by cm0002@lemmy.cafe to c/usa@midwest.social

4 comments fedilink hide all child comments

Shares in Tesla are heading for a sharp fall in the US as investors fear Elon Musk’s launch of a new political party will present further problems for the electric carmaker.

Tesla stock was down more than 7% in pre-market trading on Monday, threatening to wipe approximately $70bn (£51bn) off the company’s value when Wall Street opens.

If the shares fell by that much, the value of Musk’s stock would fall by more than $9bn to about $120bn. The Tesla and Space X boss remains comfortably the world’s richest person, with a wealth of about $400bn, according to Forbes.

you are viewing a single comment's thread
view the rest of the comments

[–] benignintervention@lemmy.world 9 points 1 day ago (1 children)

collapsed inline media

But seriously, when will stock take a back seat to human decency and literal survival

[–] homesweethomeMrL@lemmy.world 2 points 21 hours ago

As soon as there are consequences for corruption.

I.e. not soon.