logo
ENع
Bowen powers West Ham ahead against Ipswich

Bowen powers West Ham ahead against Ipswich

Yahoo26-05-2025

'The Coach Has To Be Involved More': Why MLSE CEO Keith Pelley Wants Maple Leafs Coach Craig Berube To Have More Say In Key Decisions
Hours after Toronto Maple Leafs president Brendan Shanahan's dismissal, Maple Leaf Sports & Entertainment president and CEO Keith Pelley had dinner with head coach Craig Berube.

Hashtags

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Tesla Shares Bounce After Tanking as Musk-Trump Spat Spiraled
Tesla Shares Bounce After Tanking as Musk-Trump Spat Spiraled

New York Times

time37 minutes ago

  • New York Times

Tesla Shares Bounce After Tanking as Musk-Trump Spat Spiraled

Shares of Tesla rose on Friday, bouncing off one of the stock's sharpest declines in years — a day after Elon Musk and President Trump's partnership ended in a furious exchange of insults and acrimony. The stock rose more than 9 percent by Friday afternoon. The rebound came after the stock had plunged more than 14 percent on Thursday, its second worst decline since 2020. Even with Friday's jump, Tesla's stock is still down about 13 percent for the week. The fallout began this week after Mr. Musk criticized the policy bill that Mr. Trump is championing, calling it an 'abomination.' For investors, though, the concern is over how the spat might harm Mr. Musk's businesses. Mr. Trump threatened to slash federal contracts and tax subsidies for Mr. Musk's companies, which amount to billions of dollars. The concerns for Tesla, the only publicly traded company in Mr. Musks portfolio, are manifold. The electric vehicle maker has put its focus on autonomous driving, something the federal government would have authority to scrutinize. 'It's difficult to get excited about the long side of the stock given what happened this week,' said James Stanley, a senior strategist at StoneX. 'It ran so high on the hope that the Trump administration would be friendly to Tesla, and I can't imagine how that isn't changing right now.' Mr. Musk, he added, 'has this knack for getting investors to look so far into the future that they can kind of discount what's happening present tense.' But now, Tesla's stock is likely overvalued, Mr. Stanley said, especially given the likelihood of a less friendly stance from the Trump administration on the company's self-driving ambitions. Some analysts are more optimistic about Tesla's prospects. 'This spat between Trump and Musk does not change our firmly bullish view of the autonomous future,' analysts at Wedbush Securities said in a research note on Friday. The Republican spending bill would end a $7,500 tax credit from the federal government that has helped reduce the cost of electric vehicles, which analysts expect could cost Tesla as much as $1 billion in annual profit. But Mr. Trump has widely signaled that policy, and Mr. Musk has in the past said he is not bothered by it. Mr. Trump and his Republican allies are also planning to kill regulations that allow Tesla to sell clean air credits to other carmakers that fail to meet environmental standards. During the first quarter, Tesla sold credits worth $595 million, more than the company's net profit of $409 million. Tesla's shares have been on a roller coaster ever since Mr. Trump's election. The stock rallied sharply at the end of 2024 before dropping this year as consumer protests against the company intensified because of the role Mr. Musk was playing in the Trump administration. The stock is down about 20 percent so far this year.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store