FT News Briefing Musk would let Trump back on Twitter
May 11, 2022
Elon Musk calls the Twitter ban on Donald Trump 'foolish' and hints at a possible reinstatement. Meanwhile, global investment banks in China are finally turning a profit after a challenging year. The political landscape in the Philippines is shifting under Ferdinand 'Bongbong' Marcos Jr., tapping into a yearning for strong leadership among voters. Plus, Nintendo unveils a stock split strategy to boost share accessibility amidst production hurdles.
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Musk on Trump Ban
- Elon Musk believes that banning Donald Trump from Twitter was a mistake.
- He expressed his intention to reverse the ban if he acquires the company.
Tesla Share Price Reaction
- Despite mentioning Tesla's struggle to meet demand, the share price increased.
- Investors reacted positively to Musk's communication with the Chinese government about easing lockdowns affecting Tesla's Shanghai plant.
Tesla and Lithium Supply
- Tesla faces limitations in securing enough refined lithium for its batteries.
- Musk hasn't ruled out acquiring a mining company to address this supply chain issue.