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Morgan Stanley

Politics
NY Candidate Vanishes While Exercising On Beach, Cops Recover Clothing Left On The Shore NY Candidate Vanishes While Exercising On Beach, Cops Recover Clothing Left On The Shore
NY Candidate Vanishes While Exercising On Beach, Cops Recover Clothing Left On The Shore New details have emerged in the disappearance of an aspiring politician from New York. Petros Krommidas, 29, of Baldwin, was reported missing to Nassau County Police on Thursday, April 24. Krommidas, a Democratic candidate for the Nassau County Legislature’s Fourth District, parked his car near the Allegria Hotel in Long Beach and walked onto the beach to exercise at around 10:30 p.m. Wednesday, April 23, friend Maria Lo shared on Facebook. Police recovered his towel, clothes, and phone on the beach the following morning.  "He has always been in great shape and has many future p…

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by Michael Mashburn
Business
Tesla Accused Of Rigging Odometers As Stock Plummets, Musk Calls Lawsuit 'Idiotic' Tesla Accused Of Rigging Odometers As Stock Plummets, Musk Calls Lawsuit 'Idiotic'
Tesla Accused Of Rigging Odometers As Stock Plummets, Musk Calls Lawsuit 'Idiotic' Tesla is facing more legal trouble as a lawsuit accuses the controversial automaker of inflating odometers to end vehicles' warranty coverage early. The class action lawsuit claims Tesla manipulates mileage readings on its electric vehicles to show longer distances than were actually driven, potentially reducing or avoiding costly repairs. The suit was originally filed in California in February. The 30-page filing says the odometer system used in Teslas doesn't measure physical distance directly. Instead, the complaint claims it relies on predictive algorithms and data like energy usag…

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by Chris Spiker
Business
Tesla Trade-Ins Hit Record High As Elon Musk's Politics Alienate Drivers, New Data Says Tesla Trade-Ins Hit Record High As Elon Musk's Politics Alienate Drivers, New Data Says
Tesla Trade-Ins Hit Record High As Elon Musk's Politics Alienate Drivers, New Data Says Tesla owners are trading in their vehicles at record levels as criticism mounts against the company and billionaire CEO Elon Musk, according to new data. March has marked the highest-ever share of Tesla trade-ins toward new or used purchases at dealerships for other automakers, according to car shopping website Edmunds. The site, which receives more than 20 million monthly views, said interest in Tesla's brand is dipping and consumer loyalty is weakening. Tesla's share of vehicle trade-ins from model year 2017 or later remained steady throughout 2024, starting at 0.5 percent …

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by Chris Spiker
Business
46K+ Cybertrucks Recalled As Tesla's Financial, Political Issues Escalate 46K+ Cybertrucks Recalled As Tesla's Financial, Political Issues Escalate
46K+ Cybertrucks Recalled As Tesla's Financial, Political Issues Escalate Tesla is recalling more than 45,000 of its controversial Cybertrucks after a serious safety issue was discovered with their exterior paneling, the latest in a growing list of issues for the electric automaker. Tesla has issued the recall for 46,096 Cybertrucks, the National Highway Traffic Safety Administration said. The recall impacts 2024 and 2025 models. According to the NHTSA, a stainless-steel exterior trim panel known as the cant rail may detach while driving, creating a road hazard and increasing crash risks. Tesla is offering to replace the cant rail assembly for free. The recall c…

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by Chris Spiker
Business
Investor Survey: 85% Believe Tesla Hurt By Elon Musk's Political Power, Reports Say Investor Survey: 85% Believe Tesla Hurt By Elon Musk's Political Power, Reports Say
Investor Survey: 85% Believe Tesla Hurt By Elon Musk's Political Power, Reports Say A vast majority of people in an investor survey said CEO Elon Musk's growing political influence is damaging Tesla financially, according to reports. An investor survey by Morgan Stanley said 85 percent think Musk's political activities have had a "negative" or "extremely negative" impact on Tesla's business fundamentals, CNBC reported. An analyst from the investment banking firm received answers from 245 participants, a relatively small sample with some investors who don't have Tesla stock. Shares in the electric automaker were at $247.08 when trading opened on Wednesday, Mar. 12. Tha…

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by Chris Spiker
Politics
Republican Takes Fairfield County State Senate Seat In District Biden Won By 25 Points Republican Takes Fairfield County State Senate Seat In District Biden Won By 25 Points
Republican Takes Fairfield County State Senate Seat In District Biden Won By 25 Points A Republican candidate from Connecticut was elected to the State Senate to reclaim a seat for the GOP in a special election in a district that was overwhelmingly won by President Joe Biden in the 2020 presidential election. Ryan Fazio was elected to the seat in Fairfield County on Tuesday, Aug. 17 in the 36th District in a special election that was forced by the resignation of Democrat Alex Kasser, who cited a contentious divorce from a top Morgan Stanley executive last year as a reason to step down. According to the GOP, the 36th Senate District was overwhelmingly won by Biden in 2020 by…

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by Zak Failla