Yahoo Finance Live’s Jared Blikre discusses Amazon, Pinduoduo, and Tesla stock performance.
(Bloomberg) -- Elon Musk’s bankers are considering providing the billionaire with new margin loans backed by Tesla Inc. stock to replace some of the high-interest debt he layered on Twitter Inc., according to people with knowledge of the matter.Most Read from BloombergPutin Calls Russian Nukes Deterrent Factor, Says War Risk RisingPeru’s President Accused of Coup After Move to Dissolve CongressWNBA Star Griner Released in One-for-One Swap for Arms DealerWhy Did So Many US Men Quit Working? Socia
The factory in China will shorten shifts by about two hours as early as Monday, the report added, citing sources familiar with the matter. Tesla's Shanghai plant is grappling with elevated inventory levels amid slowing demand in China's auto market.