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Tesla loses $68 billion in value after Elon Musk says he is launching a political party (www.cnbc.com)

submitted 2 days ago* (last edited 2 days ago) by babysandpiper@sopuli.xyz to c/economics@lemmy.world

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KEY POINTS

Elon Musk said he would form a new political party called the “America Party.”

Tesla shares fell Monday after Musk’s announcement.

Tesla shareholders have wanted Musk to stay away from politics, especially after his stint at the so-called Department of Government Efficiency, which many have said damaged the automaker’s brand.

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[–] NotMyOldRedditName@lemmy.world 1 points 2 days ago* (last edited 2 days ago)

CNBC loves to hate on anything Musk.

They're the ones who wrote a story about SpaceX polluting the area with high levels of mercury because of a conversion error / typo on the report.

I'm too lazy to look up exact figures, but it basically went like this in the report. (Smaller is better)

In 1 spot it said

Mercury test 1: 0.01

Mercury Test 2: 100

Then in another spot talking about the same values it said

Mercury Test 1: 0.01

Mercury Test 2: 0.01

I don't think they ever retracted it, but the headlines were all SpaceX polluting massively over allowed thresholds kinda thing.

The reporting was either so sloppy they didn't read the whole report or cross reference anything and just ran with it, or they knew and said fuck it we can get the clicks and it's technically in the report.