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August 12th - According to a senior economic advisor and a former government official, US President Trump is seeking new policy promises to demonstrate to voters before the midterm elections, including potential calls for Congress to cut capital gains taxes and establish exemptions for certain home sales. White House National Economic Council Director Hassett said on Tuesday that Trump wants to introduce more incentives to garner voter support for the Republican Party in the November election. Kudlow, who served as director of the National Economic Council during Trumps first term and remains a Trump ally, said he recently discussed a "capital gains tax inflation indexation" proposal with Trump, adjusting for inflation before taxing capital gains. Kudlow also suggested exempting home sales of $2 million or less from capital gains tax, stating that "the boss (Trump) is very interested in this."On August 12, Iranian Oil Minister Mohsin Paknead stated on the 11th that Iran is repairing its war-damaged natural gas production facilities, and its daily production capacity is expected to recover to 95 million cubic meters by the end of September. Paknead said that the reconstruction of four attacked and damaged natural gas processing facilities is progressing rapidly, with contractors already on the ground, and is expected to be completed ahead of schedule, fully restoring pre-war production capacity. Previously, it was reported that since the US-Israel military action against Iran, Irans daily natural gas production has decreased by approximately 230 million cubic meters.Amazon Web Services (AWS): OpenAI’s Daybreak Red and Daybreak Blue are now available to eligible customers on Amazon Bedrock.August 12 - The Houthi rebels in Yemen stated on the 11th that they are willing to maintain dialogue with Saudi Arabia, but also said that they will continue to launch attacks on Saudi-related ships and Saudi-backed military targets unless their demands are met.Coreweave (CRWV.O) CFO: Third-quarter revenue is expected to be between $3.45 billion and $3.6 billion, with capital expenditures between $11.5 billion and $13.5 billion.

Musk Asserts, "Tesla Is Always on My Attention" in Response to Twitter Distraction Concerns

Charlie Brooks

May 20, 2022 09:30

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Elon Musk, CEO of Tesla (NASDAQ:TSLA), stated on Thursday, "Tesla is always on my mind" in an effort to assuage investor concerns that he may be distracted by a Twitter (NYSE:TWTR) transaction that has weighed on the company's stock price.


Tweeting a picture of a woman (Tesla) concerned by her boyfriend's (Elon's) interest in another woman, he stated, "This may appear to be the case, but it is not."


"To be clear, I am devoting approximately 5 percent of my time to the Twitter acquisition. It requires no rocket science! "He sent a tweet.


"Yesterday, Giga Texas existed; today, Starbase does. Tesla is constantly on my mind."


Musk's rocket business SpaceX has a launch site near Boca Chica, Texas, known as Starbase. This year, Tesla established a new factory in Texas.


Tesla shares have lost one-third of their value since the billionaire disclosed his Twitter position in early April and sold $8.5 billion worth of Tesla shares to help finance his $44-billion Twitter transaction.


China's lockdown restrictions, which hampered Tesla's manufacturing, and Tesla's exclusion from a widely regarded S&P sustainability index weighed further on the stock market.


Tesla bull Wedbush analyst Daniel Ives reduced Tesla's share price estimate on Thursday owing to the China production setback and warned of "distraction risks" from Musk's Twitter agreement.


Major Tesla investor Leo KoGuan demanded on Thursday that the electric car manufacturer repurchase shares.


"Tesla must announce immediately and buy back $5 billion of Tesla shares from its free cash flow this year and $10 billion from its free cash flow next year, without affecting its existing $18 billion cash reserves with ZERO debt," KoGuan said in a Twitter message to Martin Viecha, Tesla's head of investor relations.


Viecha was unavailable for quick comment.


KoGuan, the third largest individual stakeholder in Tesla, stated last year that he was investing billions in the company because he believed in Musk's "great objective, which I share." In March, he stated that he was purchasing further Tesla shares and not selling during the stock's decline.

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