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- 🚀 Tesla’s Stock Halves
🚀 Tesla’s Stock Halves
PLUS: Intel’s New CEO, Financial Reporting Rule
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Tesla's stock plunges 50% amid declining sales and concerns over Elon Musk’s political involvement
Intel’s new CEO, Lip-Bu Tan, plans major restructuring to revive the struggling chipmaker
New U.S. financial rule lowers the cash transaction reporting threshold from $10,000 to $200
New tools, resources, funding updates & job postings
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đź“š Resources
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🗞️ News
Tesla’s Stock Halves
Tesla's stock price has dropped by almost 50%, from a peak of $1.54 trillion down to about $777 billion. This huge decline happened in just a few months, which analysts say is unprecedented for a car company.
The drop is due to Tesla's global sales going down and issues with how people view the company because of CEO Elon Musk's political involvement.
Intel’s New CEO
Intel has appointed a new CEO, Lip-Bu Tan, who is expected to make significant changes to turn the struggling company around. Tan is considering sweeping revisions to Intel's chip manufacturing and AI strategies, including cutting middle management staff and overhauling the company's approach to chip production.
Tan has told employees that he will need to make "tough decisions" to get Intel back on track.
Financial Reporting Rule
Trump administration is making a new rule that requires businesses in certain areas to report when people spend more than $200 in cash. This is a big change from the old rule, which only required reporting for cash transactions over $10,000.
That’s it for now!
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