A “shocking” opinion from Elon Musk causes Tesla shares to lose 8%

Face Elon MuskThe world’s richest man, the world’s richest man, reacted violently and sharply on Monday afternoon after sharing his thoughts on how to end Russia’s invasion of Ukraine on terms more favorable to Russia than the Western consensus.

Musk made four proposals for “peace between Ukraine and Russia” in a tweet: “Officially recognizing Crimea as Russian territory (Russia illegally annexed the area from Ukraine in 2014), that Ukraine remain committed to remaining neutral and not joining NATO, and that The United Nations is overseeing another round of referendums to join Russia in several regions of eastern Ukraine.

Musk’s controversial foreign policy proposal came as Tesla shares fell 8%, in trading Monday, to a three-month low as the market reacted poorly.

Tesla’s stock lost about $19.55, falling to the level of $245.70.

Musk’s proposal is a major departure from the White House and the Ukrainian government’s ideas of what Ukraine should be prepared to compromise, with President Joe Biden saying on Friday that the United States “will always respect Ukraine’s internationally recognized borders” and Ukrainian President Volodymyr Zelensky insisting the country does not have Planning to cede any territory to Russia.

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