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Tesla Faces Brand and Stock Trouble
- Tesla shares fell over 4% amid concerns about delayed affordable EV launch and lowered price targets.
- Elon Musk's involvement outside Tesla is seen as hurting the brand and stock performance according to analysts.
Capital One Acquisition Approved
- Capital One’s $35 billion acquisition of Discover was approved without DOJ antitrust challenge.
- This could make Capital One the largest credit card issuer and allow them more control over merchant fees.
Stock Volatility at Hertz and Netflix
- Hertz shares dropped 12% after a big rally driven by Bill Ackman’s stake purchase.
- Netflix shares rose 3%, with analysts calling its business "resilient" after strong Q2 revenue forecasts.