Here are seven major companies whose stocks moved on the week’s news. Read More...
Reuters
Analysis-Tesla brand threatened by Musk harassment claim, criticism of Democrats
Elon Musk has made a name for himself and Tesla by breaking the rules, but the billionaire’s latest comments on politics and a claim of sexual harassment against him that he said is untrue may hurt the brand in the eyes of some car owners and employees. The previous day, the Tesla chief executive, in the midst of a contentious effort to buy Twitter Inc, said he would now vote Republican instead of Democrat and called the Democrats a “party of division and hate.” Tesla also was cut this week from the widely followed S&P 500 ESG Index, which an index executive said was due to issues including claims of racial discrimination within the company and crashes linked to its vehicles.
