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Institutional Investors See Twitter Overhang on Tesla Stock

By
Becky Peterson
· · Source: The Information

Nearly third-quarters of institutional investors surveyed by Morgan Stanley see Elon Musk’s Twitter acquisition as a “significant” reason for Tesla’s underperformance on the stock market, the investment bank reported on Monday. Tesla’s stock has dropped 51% since April 4, when Musk first disclosed he had bought a stake in Twitter. Of 43 investors surveyed, 65% said that the Twitter acquisition...

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Mixed hydroxide precipitate, the go-to feedstock for battery nickel sulfate, on a conveyor belt at Indonesia's Harita Group, which pioneered the process. Photo: Dimas Ardian/Bloomberg
For much of the last century, metals companies have made stainless steel from nickel mined in Russia or the Philippines and smelted at temperatures up to 2,900 degrees. But demand for nickel is outstripping supplies because the metal is a key component in most electric vehicle batteries. So metals producers have turned to a new supplier—Indonesia, which possesses vast reserves of a previously...
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