Tuesday, March 11, 2025

Elon Musk Lost $16 Billion Yesterday | Morning News Rundown

 

MEL GIBSON GUN RIGHTS? 

PARDON ATTORNEY FIRED FOR REFUSING TO RESTORE HIS GUN RIGHTS! 


UPDATE:

Elon Musk's net worth dropped $29 billion in one day as Tesla stock tanks

  • Elon Musk's net worth fell by $29 billion on Monday as Tesla's stock price also declined.
  • Tesla's stock was down 15% as of close on Monday, while Musk's net worth was down 6.7%.
  • Musk said Monday it had been hard to run his businesses while working on government efficiency.

https://www.businessinsider.com/elon-musk-net-worth-drops-billion-tesla-stock-2025-3?op=1



web_recording_1741701464112.webm
 
 

Elon Musk Lost $16 Billion Yesterday | Morning News Rundown

Elon Musk lost $16 billion yesterday, Donald Trump will soon declare a national emergency on electricity, recession fears grow to their highest point in 2025, and more.


Good morning! It is March 11th and here is your morning news breakdown. This week I will do a paid subscriber live likely tomorrow night around 8 PM EST. With that, if you want to join either or to just support my work, please consider becoming a paid subscriber today


With that, here is all the news you missed:

  • Donald Trump, in an attempt to show a sign of support for Elon Musk, announced that he would be purchasing a Tesla today, one day after Tesla saw a dramatic decline in stock value. EVEN THOUGH HE DOESN'T DRIVE!

  • Donald Trump will soon be declaring a national emergency on electricity. The details remain unclear.

  • Elon Musk lost over $16 billion yesterday as Tesla shares plunged more than 15%, bringing their total decline since December 23 to over 53% and wiping out $700 billion in market value, according to Axios.

  • CNBC's Jim Cramer believes investors shouldn't be scared by the market sell-off.

  • BCA Research warns that DOGE and tariffs are pushing the U.S. economy into recession, according to CNBC.

  • The ‘Fear & Greed’ Index is approaching ‘Extreme Fear’ levels last seen in March 2020, when stocks crashed at the start of the pandemic.

  • The United States has been added to a human rights watchlist due to declining civil liberties, according to TIME.

The Parnas Perspective is a reader-supported publication. To receive new posts and support my work, consider becoming a paid subscriber.


  • According to Bloomberg, Vladimir Putin has set deliberately extreme demands for ending the war in Ukraine, including Ukraine’s neutrality, demilitarization, and recognition of Russian-annexed territories—terms unlikely to be accepted by Kyiv or Europe, according to Western security officials cited by Bloomberg. This raises the possibility that Trump, if negotiating a deal, would have to either accept all of Putin’s terms or walk away, both of which could strain U.S.-Europe relations and leave Ukraine to fight without U.S. support.

  • The Philippine government announced that former President Rodrigo Duterte was arrested at Manila airport on an ICC arrest warrant for crimes against humanity and war crimes.

  • ​The federal government's program providing free at-home COVID-19 tests has been suspended and is no longer accepting orders as of March 9, 2025

See you this evening.

— Aaron

You’re currently a free subscriber to the Parnas Perspective. For the full experience, more content, and to support Aaron, upgrade your subscription.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Omaha Awesomesauce

  Omaha Awesomesauce It’s Wednesday. There are 538 days until the midterm elections. Awesome news out of Omaha, antisemites in the White Hou...