Billionaire Elon Musk's tendency to dish out insults while being questioned under oath will be tested anew on Monday, when lawyers for Twitter Inc are due to interview the Tesla Inc CEO about his abrupt decision in July to ditch his $44 billion deal for the social media company. The high-stakes Twitter interview is closed to the public and scheduled to begin on Monday and run into Wednesday, if needed, according to court records. Musk's lawyers will want to keep him focused on answering questions, but that can be a challenge with such a smart and opinionated witness, said James Morsch, a corporate litigator who is not involved in the court battle.
In 2021, sales of new light-duty fully electric vehicles (EVs) nearly doubled in the United States from the prior year, while overall light-duty vehicle sales increased by only 3%, according to government figures. Two stocks that have strong long-term growth potential are those of lithium producer Albemarle (NYSE: ALB) and EV maker Rivian Automotive (NASDAQ: RIVN). The U.S.-based company is one of the world's top producers of lithium, a component of the lithium-ion batteries that power EVs.
While General Motors (GM) inks deals to boost its EV game, Ford (F) begins construction of its $5.6 billion EV plant in Tennessee. Tesla's (TSLA) recall and output ramp-up in Germany also draw attention.