Musk: The Democrats in the US have become a hate party and I will support the Republicans (09:33) – 20220519 – Instant Financial News

He added that in the past he supported Democrats because “they were (mostly) good-will parties”, but now he has changed his mind. “They’ve become a party of division and hate, so I can’t support them anymore, I’m going to vote Republican.”

U.S. stocks tumbled, Tesla tumbled to its lowest level this year, and Musk’s fortune shrunk by $12.3 billion. On the other hand, shares of Twitter, which was acquired by Musk, have also been under pressure. Musk has lost $49 billion since launching the acquisition of Twitter last month.

Musk remains the world’s richest man with a fortune of $209.9 billion, according to the Bloomberg Billionaires Index. His fortune has lost $60.4 billion this year, trailing only Binance CEO Changpeng Zhao’s $81 billion and Amazon founder Jeff Bezos’ $62 billion.

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Hong Kong stocks ADR fell 481 points, night futures fell 544 points, US futures, Asian stocks fell, Xiaomi and other performance retail green bonds listed

Morgan Stanley strategists say U.S. stocks will improve this year, inflation may have peaked or is about to peak

Inflation dragged down U.S. stock earnings, U.S. stocks tumbled, Dow fell 1164 points, U.S. 10-year bond yield was at 2.8714%

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