Elon Musk’s Twitter games have investors worried

Image of Elon Musk's Twitter Games article has investors worried

picture: Jim Watson (Getty Images)

Elon Musk’s will – he won’t – Twitter saga causes indigestion on Wall Street, as the Volkswagen saleswoman EV takes root in most parts of the world except the US, And Stellantis wants to ask you to hold on to electricity. All that and more in this Friday’s edition of morning shift On 15 April 2022.

First gear: Twitter is too far

Tesla’s stock price fluctuates and flows on every tweet from Elon Musk, and the guy sure loves it tweet. Unsurprisingly, this phenomenon is exacerbated by musk Tweets about what he’s planning to do for him Capital. The last thing he might do is buy Twitter, because it’s a free speech thing.

Its shareholders would prefer it not to. from Reuters:

The idea of ​​Musk working to close this deal, perhaps by selling more of his stake in Tesla, and then overseeing another company, worries Tesla watchers.

“Elon is distracted. He has a lot of things going on. He’s been involved in many different endeavors,” said Jane Munster, managing partner at venture capital firm Loup Ventures, which owns shares in Tesla. for Tesla stock.”

Shares of Tesla, the world’s most valuable automaker, have fallen more than 9% since revealing its more than 9% stake on Twitter last Monday. On Thursday, Tesla shares fell 3.7 percent.

While Musk talked about potential changes he would like Twitter to see, Tesla faces its own challenges — the need to ramp up production at its new assembly plants in Berlin and Texas, analysts said. Meanwhile, Tesla’s Shanghai plant – its largest – has been suspended due to the COVID-19 crackdown in China.

“Musk is Tesla, and investors don’t want to see Tesla lose this leadership advantage,” said Craig Irwin, analyst at Roth Capital Partners.

Musk may be Tesla, but he said it too hates managing it. And he already has a whole board, between cars, missiles, tunnels, and brain implants. Somewhat surprisingly, the possibility of adding Twitter to the mix was taken to finally convince analysts that Musk’s interest is swinging wildly. HFinn, then, is the biggest concern that arguably will pay for it. Again, Reuters:

Wells Fargo analyst Colin Langan said that Musk, who owns more than 9% of Twitter shares, would need $39 billion to complete the deal, and selling more Tesla shares could put more pressure on the stock.

Tesla executives may pledge their company’s shares as security for the loans, but the maximum loan amount does not exceed 25% of the total value of the pledged stock, according to company policy.

This means that he can borrow $42.5 billion by pledging all of his $170 billion worth of shares. But he has already pledged more than half of his Tesla shares as collateral to secure a certain personal indebtedness, according to a Tesla filing last year.

On Thursday, Musk said he had the assets needed to buy Twitter, but did not elaborate.

For what it’s worth, Musk’s bid is “too low,” as he puts it Matt Levine Bloomberg – So maybe it all fades away. That’s certainly what Tesla stockholders are hoping for, but that will only give them time until the next distraction.

Second gear: Volkswagen electric sales jump, mostly not here

The Volkswagen Group — so we include Porsche, Audi and the like — patted its back after a strong showing of electric cars in the first quarter of 2022. It sold 65 percent more electric cars at the start of this year as it did in the same period in 2021, behind new style ID.4 who was not abroad at the time. More details, courtesy Carscops:

Sales were led by ID.4, of which VW sold 30,300. Of a total of 99,100 electric vehicles sold globally, crossovers accounted for 30.5 percent of total electric vehicle sales for all of the auto giant’s brands.

It was followed by VW ID.3, of which 13,000 sold; Audi Q4 e-tron, of which 10,700 were sold; Audi e-tron with 10,300 sales; And the Porsche Taycan, of which 9,500 cars were sold in total.

Unsurprisingly, the weakest market for electric vehicles is North America, which moved just 7,900 electric vehicles in the first three months of 2022. It’s no surprise that the company took its sweet time bringing more of its breadth of knowledge to this side of the Atlantic.

Third gear: BMW is hitting that drum hard

BMW wants to be known as the German luxury brand more conservativeSome might say, realistic, about industry-wide EV drive. The latest comments from CEO Oliver Zeps indicate that the company’s position is not changing. from Reuters:

“When you look at the outgoing technology, EV push, we have to be careful because at the same time you are increasing dependence on very few countries,” Zipse said at a roundtable in New York, noting that the supply of raw materials for batteries was controlled by China in mostly.

“If someone can’t buy an electric car for some reason but needs one, would you rather suggest that they keep driving their old car forever? If you don’t sell combustion engines anymore, someone else will,” said Zipsi.

Zipse’s predecessor reportedly lost his job in 2019 due to He wasn’t optimistic enough about electric cars. Things are a little different now than they were back then – well, Many Different. The pressure on raw materials is less of a threat on the horizon and is right here now. Zipse is also right to realize that what works for Europe probably won’t be for North America, at least right away — something that the aforementioned Volkswagen earnings report supports. BMW has every reason to speak a different tone, but for how long?

4th Gear: It’s Coming

That would be the Ram 1500 electric. We’ll be dealing with a concept for her sometime this year, per Car Newsbefore the release of 2024.

Mike Koval, CEO of Ram, said truck brand Stellantis has shown some pictures of what its first battery-electric pickup could look like, but it’s preparing to take the next step with a straight-forward concept ahead of the truck’s scheduled 2024 launch.

Koval said the company is consulting with the public about the design of the electric truck through the Ram Real Talk Tour, a series of talks with consumers at various events. The brand says these interactions will help it better understand what the next generation of pickups and vans must do to meet their needs.

Last summer, the Koval revealed a battery-electric 1500, adding another racer to the burgeoning electric pickup space.

Stellantis has dragged its feet with EVs compared to its Detroit rivals, which in turn has forced it to harass cars like air flow chryslerThese Rams and muscle cars are all-electric, years before they’re ready. It’s an unenviable situation, especially since the F-150 Lightning is expected to start delivering shipments before the end of this month. But the Ram brand is also very strong, so when it does show up, it’s likely to remain a hit – along with everything Jeep does.

Fifth gear: Acura was it in China?

Acura is leaving China – a country where it has only sold vehicles for six years – in 2023, per China Auto News. The brand’s presence in the region was the result of a joint venture with local automaker GAC, and it did so It ended quietly after failing to catch up against luxury German Marquis products.

Acura only entered the Chinese market in 2016 with the first model, CDX, charged with establishing the high-end brand. Only the Chinese TLX-L sedan is now discontinued, and the RDX joined the lineup in later years, but sales have been slow.

Annual sales peaked in 2019 when 14,701 vehicles found a home, but fell to just 6,554 last year.

Acura Group, a two-model brand in recent years, has faced stiff competition from well-known German competitors. The compact CDX SUV came head to head with the more popular BMW X1 and Audi Q3. Its older brother, the RDX, did no better, needing to beat the ubiquitous Mercedes-Benz GLC and BMW X3.

It probably doesn’t help that Acura – and to some extent Honda – doesn’t have much to offer in the realm of electric cars, and these things are very popular in the region. CarNewsChina suggests opening the door to a potential second wind, once the brand makes up for it. Honda’s fledgling partnership with General Motors to leverage Ultium EV technology will likely help with that.

Rear: Titanic

Today marks the 110th anniversary of the sinking of the Titanic. It hit the iceberg on April 14 just before midnight, then fell less than three hours later. answer Why It’s a more complicated sinking than you think, so check it out Adrien Cuvert’s classic “Poatelopnik” If you are curious.

Neutral: Are you happy now?

They do handmade Supra, finally. I’m just for one person I’m for one A.m happy now. Since I drove a Supra and while it was inflated, the third pedal is how you make it puffy. It’s also good to see companies succumb to public opinion now and then.

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