Is Elon Musk’s Clash With the SEC a Big Deal for Tesla Stock? IT GENERALLY DOES NOT Seem That Way.

The electric car company stock rose over 5 percent today.

The sobering testimony of chief U.S. Trade Representative Robert Lighthizer prior to the House Methods Committee today left investors cold.

On the U.S.-China trade negotiations, Lighthizer said that much still would have to be done before an agreement between your world’s two biggest economies could possibly be reached. He also said a lot more would need to be achieved after any deal was signed. The Dow and S&P 500 indexes were down 0.28 percent and 0.05 percent respectively, as the Nasdaq Composite was up 0.07 percent. The Entrepreneur Index™ was up 0.19 percent on your day.

Tesla was the prevailing concern that. Investors shrugged off Elon Musk’s latest run-in with the SEC and sent the fill up 5.67 percent today — the largest gain on the Entrepreneur Index™. Yesterday, the SEC asked a court to find Mr. Musk in contempt of an agreement made between Tesla, Musk and the SEC last fall that included heightened oversight of Musk’s tweets. The other day, he posted his expectation for Tesla’s vehicle production in 2019 and later tweeted a correction. He also changed his Twitter handle to Elon Tusk today. Tesla shares are down 5.4 percent up to now this season.

The sobering testimony of chief U.S. Trade Representative Robert Lighthizer prior to the House Methods Committee today left investors cold.

On the U.S/China trade negotiations, Lighthizer said that much still would have to be done before an agreement between your world’s two biggest economies could possibly be reached. The Dow and S&;P 500 indexes were down 0.28 percent and 0.05 percent respectively, as the Nasdaq Composite was up 0.07 percent. Tesla shares are down 5.4 percent up to now this season.

Shares in clothing-maker Under Armour Inc. continued their impressive recent run, rising 3.68 percent today. They are up 27.5 percent up to now this year partly because of impressive overseas growth creating for weak sales in THE UNITED STATES.

Danaher Corp. continues to get rewarded because of its $21.4 billion acquisition of General Electric’s bio-pharma business. The stock surged 8.5 percent when Danaher announced the offer two days ago and was up a good 2.58 percent today, setting a fresh 52-week high in the procedure.

Other gains on the Entrepreneur Index™ included Gap Inc. (2.05 percent), Alexion Pharmaceuticals, (2.04 percent), and Capital One Financial, (1.68 percent).

It had been a comparatively quiet day in the technology sector with almost all of the thirteen tech stocks on the Entrepreneur Index™ posting small gains or losses. TripAdvisor Inc. had the largest gain, rising 1.67 percent and social media network Twitter had the largest loss, falling 1.93 percent.

Retailer O’Reilly Auto Parts posted the largest decline on the Entrepreneur Index™ today, falling 2.67 percent. The stock is underperforming the marketplace so far this season with a 6.7 percent gain, nonetheless it is up 54 percent within the last a year.

Other notable declines on the index today included Wynn Resorts, (-2.1 percent), homebuilder D.R. Horton Inc. (-1.38 percent), and truck-maker PACCAR Inc. (-1.31 percent).

The Entrepreneur Index™ collects the most notable 60 publicly traded companies founded and run by entrepreneurs. The entrepreneurial spirit is a very important asset for just about any business, which index recognizes its importance, regardless of just how much a company is continuing to grow. These inspirational businesses could be tracked instantly on Entrepreneur.com.

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