Musk Has Great News For Tesla Investors. He Has Advice For Managers Too.

Tesla CEO Elon Musk has some welcome news for investors. Tesla is having its best quarter ever. An email from Musk to Tesla (ticker: TSLA) employees surfaced on Twitter Saturday. It contained some detail about Tesla’s fourth quarter as well as some advice for managers.

Who’s going to pay for an ethical chocolate bar? – POLITICO

Press play to listen to this article Voiced by artificial intelligence. Europe, the world’s biggest consumer of chocolate, and West Africa, the leading grower of the cocoa beans used to make it, share a common goal to make the sector sustainable. But they have opposing views on how to put an end to the social, … Read more

Exxon Stock Is Up. Oil Is Down. Something’s Got to Give.

It could be time to sell Exxon Mobil (XOM), given a disconnect between the stock and the oil markets. The shares of the No. 1 U.S. energy company are up 86% this year to $113, while oil prices, as measured by West Texas Intermediate, have round-tripped to $77 a barrel after declining from a June … Read more

Europe accuses US of profiting from war – POLITICO

Press play to listen to this article Voiced by artificial intelligence. Nine months after invading Ukraine, Vladimir Putin is beginning to fracture the West.  Top European officials are furious with Joe Biden’s administration and now accuse the Americans of making a fortune from the war, while EU countries suffer.  “The fact is, if you look … Read more

Germany mulls breaking subsidy taboo to avoid trade war with Biden – POLITICO

Press play to listen to this article Voiced by artificial intelligence. BERLIN — With only six weeks to avoid a transatlantic trade showdown over green industries, the Germans are frustrated that Washington isn’t offering a peace deal and are increasingly considering a taboo-breaking response: European subsidies. Europe’s fears hinge on America’s $369 billion package of … Read more

Musk fires chief Brussels lobbyist in Twitter’s layoff round – POLITICO

Twitter’s director for EU public policy Stephen Turner is among the thousands of employees laid off by its new owner Elon Musk, Turner announced on the platform Monday. “After six years I am officially retired from Twitter. From starting the office in Brussels to building an awesome team it has been an amazing ride. Privileged … Read more

Elon Musk Sold $4 Billion More Worth of Tesla Stock. The Timing Is Odd.

Investors were waiting for stock sales from Tesla CEO Elon Musk, guessing he needed to sell more shares to finish his Twitter purchase. He sold more stock, but it happened after the Twitter deal closed. Musk disclosed the sale of 19.5 million shares of Tesla (ticker: TSLA), or about $3.95 billion of it, in 38 … Read more

Bill Ackman’s Pershing Square Holdings Looks Invitingly Cheap

Billionaire investor Bill Ackman has a flair for the dramatic and often makes bold moves. This year has been no exception. Ackman made about $1.7 billion from a bet on higher interest rates and incurred a $400 million loss on a Netflix (ticker: NFLX) investment held for just a few months. His Pershing Square Tontine … Read more

Twitter must play by our rules – POLITICO

Europe has its own message for Elon Musk that it hopes will sink in: He’s about to face some of the world’s toughest online moderation rules and Brussels isn’t going to back down. Musk, who made headlines by bringing a sink to Twitter HQ as he took over the major social media platform, has European … Read more

America’s Tai faces uphill battle to defuse EU trade war fears – POLITICO

Press play to listen to this article PRAGUE — U.S. Trade Representative Katherine Tai traveled more than 4,000 miles to prevent a transatlantic trade war over electric vehicles, but her EU counterparts signaled on Monday that they would be a tough crowd to win round. The growing spat hinges on U.S. legislation that encourages consumers … Read more