Autos correspondent Pras Subramanian outlines how Tesla CEO Elon Musk's purchase of Twitter may affect the EV developer, in addition to looking at Ford's production output in the third quarter.
Elon Musk's change of heart over his buyout deal for Twitter Inc was greeted with a wave of price target boosts on the social media company's stock, although Tesla investors feared that the billionaire was spreading himself too thin. Musk, who sold over $15 billion worth of Tesla Inc shares earlier in the year to fund the deal, had threatened to abandon the takeover, citing a large number of fake accounts and inviting a lawsuit from Twitter to close the deal at the original offer price of $44 billion. While there was no insight into another round of potential stock sale from Musk, Wedbush analyst Dan Ives warned that the Tesla CEO's interest in closing the deal would weigh on the company's shares.
NASA and Elon Musk’s SpaceX sent four astronauts on a Crew Dragon vehicle to the International Space Station Wednesday. The crew included astronauts from NASA, the Japanese Aerospace Exploration Agency and Russian space agency Roscosmos. Photo: Joe Skipper/Reuters