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Trading Ideas

Drones and stakeouts – how Tesla ‘haters’ put pressure on CEO Musk

SAN FRANCISCO/WASHINGTON (Reuters) – An online army of sceptics and amateur sleuths that has spent years promoting bets against Tesla Inc (TSLA.O) senses an opportunity to renew pressure on the electric carmaker after the failure of Chief Executive Elon Musk’s plan to take it private. A go-private deal at $420 a share announced by Musk in an Aug. 7 tweet would have wiped out short bets against Tesla and hidden the company’s financials from the public eye. “It’s such a ridiculous situation,” said Brodie Ferguson, a 25-year-old Canadian whose interest in Tesla stems from watching videos about Musk’s …read more […]

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Business News

Mexico-U.S. accords include Mexican auto export cap: sources

The agreements struck between the United States and Mexico on trade would allow President Donald Trump to impose punitive “national security” tariffs of up to 25 percent on imports of Mexican-made cars, sport utility vehicles and auto parts above certain volumes, auto executives and other sources said.

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