Tesla (NASDAQ: TSLA) stock saw significant gains Friday thanks to multiple catalysts. The company's share price closed out the daily session up 3.1% and had been up as much as 6.3% earlier in trading.
Ross Gerber called for a TikTok ban, labeling it a national security risk and accusing the app of being a tool for Chinese government.
Han has used the visit to meet with members of the American business community, including Tesla CEO and close Trump associate Elon Musk, according to Chinese state agency Xinhua. Musk is widely thought to be seen by Beijing as more sympathetic to its interests than others in Trump’s orbit.
The high-profile names who could potentially buy TikTok following the Supreme Court's decision to uphold the law banning the platform in the US.
Tesla ( TSLA) stock jumped 3% Friday amid speculation that CEO Elon Musk could potentially buy TikTok. The social media platform needs to find an American buyer, or it will effectively face a countrywide ban starting next week — and Musk is reportedly the most likely candidate.
Reports about Chinese officials eyeing Musk as the buyer of TikTok’s U.S. operations are “not a total shock” given Musk’s relationship with Trump, says Wedbush analyst Dan Ives.
After years of rejecting the idea of a sale of TikTok’s US assets to an American buyer in order to avert a ban, China and ByteDance may have found an owner they could live with: Elon Musk.
The U.S. Supreme Court heard oral arguments last Friday from TikTok, which claims the ban is a breach of American's First Amendment rights. And after more than a week, the court handed down its decision to uphold law that could ban TikTok in the U.S.
Chinese officials are evaluating a potential option that involves Elon Musk acquiring the U.S. operations if TikTok fails to fend off a controversial ban.
Chinese officials are considering Elon Musk acquiring TikTok’s US operations if the app faces a ban. While they prefer keeping TikTok under ByteDance, Musk’s involvement could be seen as beneficial for negotiations with the Trump administration.
It’s only fitting that TikTok’s fate turn into a wild dance. As the U.S. Supreme Court weighs up the constitutionality of a proposed ban on the popular video app, Beijing has pirouetted into the possibility of letting ByteDance sell it to Elon Musk,
Tesla and SpaceX CEO Elon Musk. A ban on TikTok in the United States could go into effect on Sunday, Jan. 19, if Beijing-based parent company ByteDance doesn't sell the video-sharing app's U.S ...