April 26 (Reuters) – Tesla Inc (TSLA.O) lost $126 billion in value on Tuesday amid investor concerns that Chief Executive Elon Musk may have to sell shares to fund his $21 billion equity contribution to his $44 billion buyout of Twitter Inc (TWTR.N).
Tesla is not involved in the Twitter deal, yet its shares have been targeted by speculators after Musk declined to disclose publicly where his cash for the acquisition is coming from. The 12.2% drop in Tesla’s shares on Tuesday equated to a $21 billion drop in the value of his Tesla stake, the same as the $21 billion in cash he committed to the Twitter deal.
Wedbush Securities analyst Daniel Ives said that worries about upcoming stock sales by Musk and the possibility that he is becoming distracted by Twitter weighed on Tesla shares. “This (is) causing a bear festival on the name,” he said.
Tesla did not immediately respond to a request for comment.
So the TL:DR version. DeSantis wanting to punish Disney for not bending the knee to his shitty anti-LGBTQ laws will hurt his own state.
Getting rid of Disney World’s government isn’t likely going to hurt the Mouse, Deutsche Bank analysts wrote in a new research note published Tuesday.
“We don’t see a material negative outcome from this situation for Disney; and financially speaking, we think it could end up being a positive development,” analysts Bryan Kraft, Benjamin Soff and Connor Murphy wrote.
Last week, the Legislature voted to eliminate the special tax district which allows Disney’s government to provide its own roads, utilities, fire services and other infrastructure needs at the massive theme parks and resorts. Reedy Creek is set to be eliminated by June 2023.
State Republicans wanted to punish Disney after company CEO Bob Chapek voiced opposition to Florida’s Parental Rights in Education measure, dubbed the “Don’t Say Gay” law by critics. Disney also announced the company was pausing campaign donations in Florida. Chapek was already under pressure from the Left and LGBTQ+ activists for not speaking out against the controversial bill sooner.
Now, Orange County property owners could face tax increases of 15% to 20% on average, and the county would need to absorb Reedy Creek’s financial obligations, including a $1 billion bond, the note said.
I’ll just never understand the gun fetish in this country.
Firearms became the leading cause of death among children and teenagers in the United States in 2020, according to new research using data from the Centers for Disease Control and Prevention.
The finding comes after a record 45,222 people died from firearm-related injuries in 2020 in the U.S., according to a letter published in the New England Journal of Medicine. Most of the deaths were from firearm homicide.
Researchers from the University of Michigan noted that an alarming number of the deaths, 10,186 (22.5%), were of people ages 1 to 19.
For more than 60 years, motor vehicle accidents had been the leading cause of deaths of young people, but since 2001, the number of those deaths has dramatically decreased. There were about 3,900 deaths in 2020. Meanwhile, firearm-related deaths have been on the rise since 2013; there was a 29.5% increase from 2019 to 2020.