Tesla Inc. TSLA Shares are trading down 4.65% at $187.91 on Tuesday amid marked weakness in clean energy names ahead of the U.S. midterm elections. Additionally, CEO by Elon Musk The recent acquisition of Twitter has generated uncertainty about the potential impact on its Tesla commitments.
Potential Republican victories in key House and Senate races could change the makeup of Congress and hamper the Biden administration’s clean energy policies.
At press time and according to simulations of the election by FiveThirtyEight, simulated 40,000 times to see which party wins the Senate most often, Republicans have a 59% chance of taking control of the US Senate and an 84% chance to take control of the Senate. American house.
On Friday, Twitter laid off thousands of employees across corporate departments. The layoffs would affect around 3,700 people. Twitter employees from departments including marketing and communications, AI, research, public policy, wellness and other teams tweeted that they had been terminated.
Twitter CEO Elon Musk took to the microblogging platform on Saturday to justify his move and said there was no other choice as the company was losing millions of dollars a day. He also said that everyone who walked out was offered enough severance…Read more
According to data from BenzingaProTesla has a 52-week high of $402.67 and a 52-week low of $187.06.