Twitter and Elon Musk are able to excite the markets. Yesterday in his Twitter feed Elon Musk announced that he was going to buy out part of Tesla's shares when the price of the shares reached $420, to make it completely private and no longer susceptible to market shocks. On this news, the company's shares soared 13% at once and approached the maximum values. However, the option of redemption "is very unlikely," said Bloomberg Intelligence analyst Joel Lewington.
News from Tesla dominated the markets and the S&P 500 index rose to the highest values since January.
The trade war is heating up and the US is preparing to introduce additional duties on goods worth $16 billion, which can come into effect from August 23. In response to such actions, China intends to introduce retaliatory measures for the same amount in respect of American goods.
Cryptocurrencies continue to decline and at the moment the price for Bitcoin has fallen to the level of 6,470, which is the lowest value since last month.
