After $700 billion drop, angry Tesla investors say Elon Musk has "abandoned" them
CBSN
At the start of 2022, Tesla ranked as one of the world's most valuable companies, with a market cap of $1.2 trillion. Its CEO, Elon Musk, was the wealthiest person on the planet, with his ownership stake in Tesla giving him a net worth of $300 billion, along with winning the admiration of many devoted investors.
"Tesla bulls, the future rainbow are here and now," Leo KoGuan, who describes himself as the third-largest individual shareholder of Tesla, tweeted in January 2022. "Smile to your fortunate self."
As the year draws to a close, some of those investors are questioning his judgment and his commitment to the pioneering electric car company. Their disenchantment centers on Musk's October purchase of Twitter for $44 billion, which has consumed the billionaire's attention as well as weighed on Tesla shares.
President Joe Biden and first lady Jill Biden were honored at a state dinner in Paris at the Presidential Elysee Palace on Saturday, hosted by French President Emmanuel Macron and first lady Brigitte Macron marking the 80th anniversary of D-Day two days prior and the strength of the countries' long alliance.
President Joe Biden said France was America's "first friend" at its founding and is one of its closest allies more than two centuries later as he was honored with a state visit Saturday by French President Emmanuel Macron aimed at showing off their partnership on global security issues and easing past trade tensions.
The Consumer Federal Protection Bureau last week launched an inquiry into what the agency is calling "junk fees in mortgage closing costs." These additional fees, involving home appraisal, title insurance and other services, have spiked in recent years and can add thousands of dollars to the final cost of buying a home.
Retired Maj. Gen. William Anders, the former Apollo 8 astronaut who took the iconic "Earthrise" photo showing the planet as a shadowed blue marble from space in 1968, was killed Friday when the plane he was piloting alone plummeted into the waters off the San Juan Islands in Washington state. He was 90.