Tesla warns of possible retaliatory tariffs
In the USA, Tesla $TSLA (+10,58%)the innovative electric car company led by Elon Musk, is causing a stir with an important warning. The company has made it clear that possible retaliatory tariffs against US manufacturers could have a significant negative impact on its business. In an urgent letter to US Trade Representative Jamieson Greer, Tesla appeals to the US Trade Representative to thoroughly reconsider existing trade policies. The importance of fair trade practices is emphasized, especially with regard to the potential impact on exports. Tesla points out that previous tariff increases have often led to immediate responses from affected countries, resulting in higher tariffs on imported electric vehicles. With this appeal, Tesla is responding to the current challenges posed by the threat of tariff increases and calling for a comprehensive investigation to avoid future problems. Despite these concerns, Tesla's share price has fallen by 3% recently and sales figures in Europe have dropped by an alarming 45%. The company employs more than 70,000 people in the US and operates numerous production facilities, underlining the urgency of this issue.
UniCredit increases stake in Commerzbank
In Europe, UniCredit has made a strategic decision in recent months and significantly increased its stake in Commerzbank. $CBK (-2,15%) significantly. This development follows the partial exit of the German government in September, which the Italian bank exercised. UniCredit now controls over 28 percent of the shares in Germany's second largest private bank. In this transaction, 9.5 percent was acquired directly via shares, while a further 18.5 percent was secured through the use of financial instruments. An exciting point in this story is that if the stake were to exceed the 30 percent mark, UniCredit would be obliged to submit a purchase offer to the other shareholders. The European Central Bank (ECB) plays an important role here by carefully vetting investors who wish to acquire 10 percent or more of a bank to ensure that they are suitable shareholders. These measures are designed to promote the stability of the banking sector in Europe and protect the interests of existing shareholders. With these steps, UniCredit is showing that it is willing to actively invest in the German banking sector.
Sources:
https://finance.yahoo.com/news/elon-musk-tesla-says-could-221333112.html