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Tesla closes lower after Musk tweets

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Investors pause the year-end rally. Tesla CEO Elon Musk threatens to sell shares of his e-car company again. Boeing was a high flyer in the Dow Jones.

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The US stock markets took it easy. Investors are halting the year-end rally as inflation rates remain very high and central bankers weigh in on the potential implications for monetary policy.

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The stock market also barely reacted to the signing of the $1 trillion stimulus package by Joe Biden. The package came about through collaboration with Republicans.

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The Dow Jones kicked on the spot.

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Tesla

Elon Musk is once again talking about tongues. The CEO of e-car maker Tesla had a spirited dialogue with Democrat Bernie Sanders on Twitter. Musk threatens Tesla stock again

to sell.

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Sanders tweeted: “We must demand that the extremely rich pay their fair share.” To which Musk responded: “I keep forgetting that you are still alive.” In a second tweet, he said, “Do you want me to sell more stock Bernie? Then you just have to say it.’

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Shares of Tesla fell 2 percent.

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Boeing

Boeing’s share

flew 5.5 percent higher. The aircraft manufacturer is a heavyweight in the Dow Jones. The Boeing 737 MAX, which has been temporarily grounded worldwide in China, will soon be allowed to take off again, according to the Reuters news agency.

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The Chinese authorities are said to be in the process of canceling the flight ban after the plane has been grounded for 2.5 years. According to Reuters, the aviation watchdog of the People’s Republic has indicated that it is happy with the changes in the software of the aircraft.

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The 737 MAX was grounded worldwide for a long time from March 2019 after two fatal accidents in a short time. Hundreds of people were killed in the crashes in Indonesia and Ethiopia. The cause turned out to be a flight assistance system that pushed the aircraft nose down at the wrong times. Boeing has made adjustments to correct the problems.

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The United States, Canada and the European Union have already decided to let the 737 MAX fly again.

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