Hot PPI, Retail Sales Miss, Mnuchin Talks Buying TikTok, Tesla Valuation Slides Below JPM 3/14/24
Squawk on the Street
Market Resilience and Tesla's Performance
This chapter explores the market's resilience amidst stock fluctuations, focusing on Tesla's struggles following a price target cut by UBS. It examines concerns about Tesla's profitability, growth potential, and Elon Musk's impact on the company's value. Additionally, the potential acquisition of TikTok in the US by a group led by Mnuchin is discussed, highlighting the complexities and uncertainties in the process.
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