By Reuters
Marketmind: “Super bad feeling”
With the Nasdaq losing about a quarter of its value since the beginning of the year, no doubt some investors will share Elon Musk’s “super bad feeling” about the economy. But the Tesla CEO’s sentiment, shared with his executives in an email, might be taken by others with a generous pinch of salt, given Friday’s data showing the American economy generated more jobs jobs in May than expected. Asked by Reuters about Musk’s comments, Joe Biden suggested the issue lay with Tesla, and pointed to investments made by Ford to compete with the electric car maker.
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