In headlines that Tesla made a record profit of $3.3 billion in the first quarter, the Wall Street Journal noted, below, that “Elon Musk predicts rapid recovery in production in China.”
More precisely, at the earnings conference with investors (pictured below), the Tesla owner celebrated that “Shanghai is coming back with a vengeance”, resuming strongly.
According to Caixin, the automaker’s “gigafactory” in Shanghai “reopened after three weeks”. The Global Times noted that Taiwanese chip company TSMC has also “resumed full operation in Shanghai”.
“Mr. Musk didn’t deal with Twitter,” added the WSJ. But then, in the Financial Times headline, “Musk unveils $46.5 billion financing package to fund Twitter bid.”
The businessman “aligned a dozen creditors, including Bank of America and Credit Suisse”, to make a direct offer to shareholders, “tender offer” – as he had been suggesting in tweets referring to “Love Me Tender”. ), by Elvis Presley.
The prospect of control of the platform by Musk, who calls himself “a free speech absolutist”, has faced resistance in the United States. But he is already making plans, with funding in hand:
“If our Twitter bid is successful, we will defeat the spam bots or die trying!”
ISRAEL & YUAN
Bloomberg and the website Business Insider (with the illustration above) point out that “Israel adds yuan to reserves, changing philosophy”, adopting the Chinese currency “for the first time in history, while reducing dollar”, although the difference in proportion between them still be big.
The US financial sanctions against Russia would have been a “red flag” for other countries seeking to reduce their exposure to the dollar, said an economist heard by Insider.
