Elon Musk’s Neuralink under investigation by the U.S. Department of Transportation for allegedly handling contaminated hardware in an unsafe manner.
Tencent, known as one of the world’s largest gaming and social media firms, invested in Tesla in 2017, taking a 5% stake for around $1.78 billion.
Musk’s loss shattered the previously existing world record: a $58.6 billion loss by Japanese investor Masayoshi Son in 2000.
Tesla shares slid over 9.5% at session lows as investors digested expanded discount offerings and further distractions from CEO Elon Musk’s Twitter acquisition.
The Twitter account used to track billionaire Elon Musk’s private jet was suspended as of Wednesday morning.
Elon Musk has announced big plans for Twitter since he took over the social network last month.
In the widely distributed emails, sent at the start of business Friday, Musk called for “anyone who actually writes software” to report to Twitter HQ.
The number of Mastodon users has skyrocketed since Elon Musk took over Twitter, but users are struggling with the app’s complicated setup.
Musk has important international business ties through Twitter, SpaceX, and Tesla.
Musk completed his $44 billion acquisition of the company this week.
Musk has previously said he would reverse Trump’s ban once he owned the company, though Trump said he would not come back.
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