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On August 30, Iraqi Prime Ministers Security Advisor Qassem Araji stated in a recent interview with Al Jazeera that Iraq maintains "good relations" with both Iran and the United States and seeks to act as a "bridge" for communication among all parties to reach an agreement that safeguards the interests of the entire region. He added that Iran has emphasized the necessity of eliminating extremist groups within Iraq.On August 30th, SK Hynix CEO Guo Luzheng stated that the company remains open to further investment in the US semiconductor industry, while predicting that the global memory chip shortage will continue until the end of 2030. "We are always open to more investment, but no decisions have been made yet," Guo Luzheng said. He stated that SK Hynix is searching globally for potential sites that can meet its R&D and testing needs, noting that electricity, water resources, and government incentives are key considerations. Guo Luzheng said, "We are open to any location that can provide sufficient infrastructure and resources." He also expressed hope that the company will bring "more good news" to the US artificial intelligence industry in the future.Iraqi Prime Ministers Security Advisor Qassem Araj: Iraq seeks to become a "bridge" between Iran and the United States.On August 30th, Ontario Premier Doug Ford unveiled a new plaque for Lake Ontario on Saturday afternoon. This came just days after US President Trump renamed one of North Americas Great Lakes "Lake America." Fords move comes amid escalating trade tensions between Canada and the United States. Ford reiterated that Ontario will "never back down" and will always defend its interests. Ford stated, "Trump can call it whatever he wants, but I can tell you, the rest of the world will always call it Lake Ontario." He added, "Ive received many calls from governors who say, Well always call it Lake Ontario, and obviously, Canada will always call it Lake Ontario. Thats the message we want to send to President Trump."Explosions were heard in Kyiv, the capital of Ukraine, on August 30. Air raid sirens had been sounded earlier in the city.

Tesla Shares Decline As Investors Criticize Musk's Twitter Activity

Aria Thomas

Dec 15, 2022 10:59

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On Wednesday, Tesla (NASDAQ:TSLA) shares reached their lowest level in more than two years as investors, including a "fanboy" of CEO Elon Musk, criticized Musk's diversion from the electric vehicle firm after his purchase of Twitter.


Tesla, the most valuable automaker in the world, has been one of the worst performing stocks among major automakers and tech companies this year. Investors are concerned that Musk's purchase of Twitter could divert his attention away from Tesla, and that he may sell more Tesla shares to prop up the struggling social media company.


Investors are also growing concerned that his actions could harm the reputation and sales of Tesla, the leading electric vehicle manufacturer in the world, which is facing increased competition.


KoGuan Leo, who identifies himself as Musk's "fanboy," tweeted on Wednesday, "Elon abandoned Tesla and Tesla has no working CEO." Leo is the third-largest individual stakeholder in Tesla and sees himself as Musk's "fanboy."


"Are we simply Elon's naive bagmen?" he asked. A Tim Cook-like executioner is required, not Elon.


After plunging as much as 3.2%, Tesla shares traded down 1.4% to $155.88 a share, the lowest level since November 18, 2020.


Tesla shares have declined 55% so far this year, underperforming GM, Ford, Apple (NASDAQ:AAPL), and Amazon.com.


Musk stated without elaboration on Tuesday that he will "ensure Tesla shareholders receive long-term benefits from Twitter."


Even Tesla bulls and devoted fans were dissatisfied with Musk's inflammatory statements.


"Elon is an incredibly gifted business leader. Gary Black, a Tesla bull, tweeted on Wednesday, "He will learn soon (if not already) that his controversial political views are affecting customer perceptions of $TESLA EVs."


"Clients do not want their automobiles to be controversial. They want to be damned proud to drive them, not ashamed."


Tuesday, Goldman Sachs (NYSE:GS) decreased its price target for Tesla shares and its expectations for the company's fourth-quarter deliveries and gross margins due to weaker supply and demand.

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