Market Movers

  • Tesla shares drop as Musk cuts prices. The cut further demonstrates Elon Musk’s willingness to sacrifice profitability for demand.* The Austin, Texas-based company marked down each version of its Model Y sport utility vehicle by $3,000. It also cut the cost of the base Model 3 by 4.7% to less than $40,000.
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  • World’s first carbon import tax approved by EU lawmakers. The European Union’s parliament approved legislation to tax imports based on the greenhouse gases emitted* to make them, clearing the final hurdle before the plan becomes law and enshrining climate regulation in global trade rules for the first time.

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