President Biden suggested possible investigation into Elon Musk and all of his companies find out why in today's video welcome to trade daily where we break down all the best stock market news like And subscribe to keep up to date with the stock market and I really hope you enjoy this video Joe Biden says that the Tesla Space X and now Twitter owner Elon musk's ties to foreign countries are worth being looked at over National Security concerns the president was asked about the world's richest person's financial


and Commercial connections to the likes of China and Saudi Arabia and whether he viewed a South african-born billionaire as a threat to American Security I think that Elon Musk cooperation and or technical relationships with other countries is worthy of being looked at whether or not he's doing anything inappropriate I'm not suggesting that I'm suggesting it's worth being looked at that's all I'll say replied Mr Biden during a press conference on Wednesday Mr musk closes protracted deal to buy


social media platform Twitter for four to four billion dollars last month and advertisers have already paused their spending over fear about content moderation and the potential return of previously suspended figures such as Donald Trump the Tesla CEO used some of his enormous personal wealth and sold shares in the electric vehicle maker to fund the purchase as well as securing billions of dollars in financing from groups linked to Saudi Arabia Dubai China and Qatar Tesla has also opened a massive factory


in China and Views is an essential future market for the company and critics have asked if the entrepreneur will be compromised by his business interests in the country which has 1.4 billion potential customers some U.S politicians have taken notice and on the 31st of October U.S senator Chris Murphy a Democrat from Connecticut ask the committee on foreign investment in the United States to investigate foreign investment committee is a federal interagency committee which looks at the National Security


implications of foreign investment in U.S companies the committee has the authority retroactively investigate and to unwind deals it feels it necessary Mr musk has also injected himself into the Russia Ukraine situation and was accused of parenting crumbling talking points when he suggested on Twitter waste and the conflict it's very clear that Elon Musk is transmitting a message for Putin Russia analyst Fiona Hill told Politico and she said of Vladimir Putin he used prominent people as intermediaries to


fill out the general political environment to basically test how people are going to react to ideas it's just fascinating of course that it's Elon Musk in this instance because obviously Elon Musk has a huge glitter following he's got a long-standing reputation in Russia through Tesla the SpaceX space programs and also through starlink he's one of the most popular men in opinion polls in Russia at the same time he's played a very important part in supporting Ukraine by providing Starling


internet systems to Ukraine and kept telecommunications going Ukraine paid for in part by the US government Elon Musk has enormous leverage as well as incredible prominence Putin plays the egos of big men gives them a sense that they can play a role but in reality they're just direct transmitters of messages from Vladimir Putin is not the first contentious moment between Mr Biden and Mr musk who has mocked the president on Twitter and called him a damn sock puppet Mr musk has also said he is now a republican voter and urged


people to vote for the GOP head of the midterm elections Mr Biden has repeatedly excluded the Tesla boss from events promoting electric vehicles while including the likes of General Motors and Ford with supporters of Mr Biden pointing out that both of those companies support union labor in their factories and just before we continue we're giving away a 50 Amazon gift card every single day you just need to subscribe to the channel like this video and get the Bell on also comment at love trade daily to lock in


your entry winners will be contacted privately good luck now let's not waste another second and get right back into the video this all comes just as Tesla shares slipped lower Wednesday after Securities and Exchange Commission filings showed CEO Elon Musk has sold another 3.95 billion dollars in Company stock as he continues to find cash for his recent acquisition of Twitter musk who is also financing part of the 44 billion dollars required to buy the social media website sold 19.5 million shares between


November 4th and November 7th at prices ranging between 197.196 and 208.731 per share across a total of golf transactions earlier this summer musk sold 7.92 million shares between August 5th and August 9th netting a total of around 6.9 billion dollars taking advantage of a 47 rally and Tesla shares from late May to August 5th when the first sale was made he sold another 8.5 billion dollars in April musk told Tesla investors last month that he and his investor group were obviously overpaying for the social Media Group with overall


costs pegged at 46.5 billion dollars himself was on the hook for around 33.5 billion dollars a tally that included his 9.6 Twitter stake and 7.1 billion dollars in equity commitments from outside investors he has also arranged for debt financing of around 13 billion dollars Tesla shares which have lost around 50 percent of their value since musk made his Twitter Ambitions public in early April were marked 1.1 percent lower in early trading and change hands at 189.19 each musk sales aren't the only head when


Tesla is facing however and data from China earlier this week suggests demand concerns in the world's largest car market and key Tesla manufacturing Hub Linked In parts of the country's zero covet Health policies Tesla sold 71 704 cars in China last month an industry group said Monday including around 54 505 for export down from record sales of just over 83 000 in September last month Tesla which has been raising costs of its us-made cars for much of the Year reduced the starter price of its model


free sedan by around 5.3 percent and cut the cost of its model y by nine percent just days after its third quarter earnings reported echoed the impact of rising production costs and indicating narrowing profit margins for the world's most valuable car company gross Automotive margins were 27.9 percent that's a 600 basis point decline from last year Tesla said and flat to the figure recorded over the second quarter owing to put a surge in input costs and expenses is linked to the ramp up of new


factories in Austin and Berlin the group also said full year deliveries may fall just shy of its 50 growth Target as it simplifies operations reduce costs and improve the experience of our customers Elon Musk has confessed to making mistakes since the controversial 44 billion dollar purchase of Twitter insisting that he is not dumb tries not to be dumb but is sometimes still dumb Elon Musk has confessed to making mistakes since the controversial 44 billion dollar purchase of Twitter insisting that he is not dumb tries not


to be dumb but is sometimes still dumb the world's richest person spoke out at a spaces event on Twitter in which he spelled out his vision for the company and tried to tackle the concerns of advertisers many of whom have suspended business with the company because of the uncertainty caused by his takeover the intent is not to do dumb things we are not operationally dumb we are aspirationally not dumb but we still do dumb things he said on Wednesday there is an element of nothing ventured nothing gained if we don't try bold


moves how will we make great improvements we have to be adventuresome here and we will make big leaps and radical improvements but they come with some risks the key is to be extremely agile when we make a dumb move we correct it quickly that is what really matters Mr musk tried to reassure advertisers and brands on the call that his new advisory Council to moderate content on Twitter would represent a diverse set of viewpoints in the US and internationally in the short term I only got the keys to


the building a week ago Friday I am moving pretty fast here but it takes a moment to rewrite the sub stack he said the rate of evolution of Twitter will be an immense step change to what it has been in the past if nothing else I am a technologist and I can move technology fast and that is what will happen at Twitter Mr musk who bought the platform for four to four billion dollars last month when faced with a court case after trying to back out of the purchase told the call that he wanted Twitter to add


banking features we want to make this system as useful as possible the more useful and entertaining it is the more people will use it he said Mr musk also urged Automotive advertisers to stay on the platform ad insisted that Twitter would not show any favor to Tesla of which he is the CEO I would encourage car manufacturers to continue advertising on Twitter and for their Twitter handles to be more active and their CEOs and CMOS to be more active brands should tweet more Executives should tweet more and I would encourage


people to be more adventurous that is certainly what I have done on Twitter with Tesla myself and SpaceX and has worked out quite well he said I am not going to do anything that is advantageous to Tesla as that will turn off other Automotive advertisers it has to be a Level Playing Field or we won't get Automotive advertisers we're going to try and be as Fair as possible Elon Musk has clearly stated his position on the future of his companies but is it already too late is Twitter the huge Iceberg to Tesla's Titanic


while the recent price plummet of Tesla stock would indicate that it is we go in depth into why the Tesla stock price has fallen by over 50 percent in the suggested video at the end of this one and with that we've come to the end of the video I'd like to give a huge shout out to anyone who's made it this far I hope you enjoyed the video I'd also like to make it clear that this is a news and entertainment video not investment advice you should always do your own research and speak to a financial


advisor before making any Investments thank you all so much for your support don't forget to like And subscribe for the chance to win up to twenty thousand dollars in Amazon gift cards and we'll see you in the next video foreign if you want more crazy trade news how about this video we did