PEPSI stock price was trading at $163.21 in pre-Market trading at 08:26 AM EDT
Elon Musk may need to devote less time to Tesla according to worries about his Twitter diversion (NASDAQ:TSLA). A reality check that Musk (who is personally liable for $33.5 billion) would be pushed into another selldown of his TSLA shares has caused the stock to plummet 25% to $236 during the past two weeks in response to these worries. The detractors are calling it a usual PR distraction, but Musk took to Twitter overnight to promote a new product while also covering up the recent dip, similar to how he did it in August.
In a tweet, he stated: “Excited to announce the commencement of manufacturing of Tesla Semi Truck with delivery to @Pepsi on Dec 1st.” “Super enjoyable to drive and a 500-mile range.”
To reduce its fuel expenses and pollutants, PepsiCo (NASDAQ:PEP) bought 100 Tesla Semis in 2017. Production was then anticipated to start in 2019, with prices for the 500-mile variant starting at $180,000. As an all-electric Class 8 truck, it would be eligible for a tax cut of up to $40,000 under the Inflation Reduction Act, even if the cost is probably significantly more now. With its cost savings and reduced carbon footprint, the Tesla Semi has the potential to completely transform the freight transportation sector.
Pepsi stock price, other Musk news
Pepsi stock closed Thursday at $162.80. In other news, by putting up a peace plan to stop the Russian war in Ukraine, Musk kicked off the week by stirring up a lot of controversies. The Ukrainian government and social media platforms harshly denounced this idea, which they saw as pro-Russian. US senator Lindsey Graham referred criticized the strategy as “stupid.” As it urges Ukraine to transfer Moscow parts of the country that Russia forcibly annexed, the Musk plan is seen by pro-Ukraine people as a capitulation to Moscow.
Three months after declaring it was withdrawing the offer due to Twitter lying to it about spam bots or phony accounts on the network, the billionaire then re-offered Twitter’s $44 billion takeover bid.
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Featured Image – Megapixl © Jetcityimage
Author Ivy Palinlin 
