Elon Musk’s Twitter followers say sell

Read a transcript of this episode on FT.com

https://www.ft.com/content/64380f52-df32-4ad7-b2b6-fec42ee95ce1

Federal Reserve governor Randal Quarles’ decision to leave the US central bank next month creates yet another opening for the Biden administration to fill amid uncertainty about the institution’s leadership, Tesla shares fell nearly 5 per cent on Monday after millions of Twitter users polled by chief executive Elon Musk concluded that he should sell 10 per cent of his stake in the electric carmaker. Plus, SoftBank founder Masayoshi Son has promised an $8.8bn share buyback programme over the next 12 months.

30-day free trial of the Moral Money newsletter:

http://www.ft.com/cop26podcast

Tesla shares slide after Musk’s Twitter poll backs stake sale - with Richard Waters

https://www.ft.com/content/2ac226d6-0eba-4f97-91c1-fb70076c20b0

Fed governor Randal Quarles to leave post next month - with James Politi

https://www.ft.com/content/6e312624-0399-4d76-85e9-80e61f1f8c91

SoftBank unveils $8.8bn share buyback following investor pressure - with Kana Inagaki

https://www.ft.com/content/ca7df7d4-7e7e-43b2-85d6-36432d0d9d66

The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.

See acast.com/privacy for privacy and opt-out information.