Summary of Updates on Twitter + Huge New Credit Market For Tesla Expected

00:00:00 - 00:20:00

The Wall Street Journal reports that Chancellor McCormick has requested Elon and Twitter to come back to her by the end of the day with a potential plan that would allow litigation to be dropped; meanwhile, Reuters is reporting that Apollo and 6th Street are no longer in talks to finance Twitter. Tesla is expected to report strong financial results for the third quarter of 2018, with a large increase in sales and a new credit market for the company.

• 00:00:00 Today, the Wall Street Journal reported that Chancellor McCormick has requested Elon and Twitter to come back to her by the end of the day with a potential plan that would allow litigation to be dropped; meanwhile, Reuters is reporting that Apollo and 6th Street no longer in talks to finance Twitter deal people becoming concerned if this means debt financing is dropping, how Equity financing dropping out, and that Elon's gonna have to make up that difference.
• 00:05:00 The Wall Street Journal reports that Apollo Global Management is considering participating in a bit for Twitter. Tesla announced equity in debt financing and margin loan commitments on April 18 and May 4, respectively. The last piece of information is that after so this was on May 4th, after these Equity investors were lined up, there were still rumors that Apollo was planning to do a billion in partnership with Sixth Street and maybe some other firms.
• 00:10:00 Tesla is expected to propose that its electric vehicles be eligible for Renewable Fuel credits under the Renewable Fuel standard, the RFS. This has pretty much been historically biofuels biomass related credits, but with that biomass or biofuel as the fuel source, the White House is apparently supposed to be approving the new standard within the next two weeks. With that change, Tesla could see a significant increase in the market for its electric vehicles.
• 00:15:00 Tesla is expected to have a 370 price target from azuho Securities after their stock split, as they see Tesla as the global leader for electric vehicles for the next decade. Ford has announced an increase to the F-150 Lightning at base price, raising it from under 40,000 to 52,000.
• 00:20:00 Tesla is expected to report strong financial results for the third quarter of 2018, with a large increase in sales and a new credit market for the company.