Tesla Inc TSLA shares are trading lower by 4.65% to $187.91 Tuesday amid ongoing, marked weakness in clean energy names ahead of the U.S. midterm elections. Additionally, CEO Elon Musk's recent acquisition of Twitter has generated uncertainty over the potential impact on his Tesla commitments.
Potential Republican wins in key House and Senate races could change the makeup of Congress and hamper the Biden Administration's clean energy policies.
At the time of publication and per 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 U.S. Senate and an 84% chance of taking control of the U.S. House.
On Friday, Twitter laid off thousands of employees in departments across the company. The layoffs would affect about 3,700 people. Twitter employees from departments including marketing and communication, AI, search, public policy, wellness, and other teams tweeted about having been let go.
Twitter CEO Elon Musk went on the microblogging platform on Saturday to justify his move and said there was no choice because the company losing millions of dollars daily. He also said that everyone who exited was offered enough severance...Read More
According to data from Benzinga Pro, Tesla has a 52-week high of $402.67 and a 52-week low of $187.06.
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