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Elon Musk accused by Rosa DeLauro of pressuring Republicans to scrap U.S.-China investment restrictions

Benzinga
Summary
Nutrition label

67% Informative

Tesla CEO Elon Musk accused of pressuring Republicans to scrap key U.S.-China investment restrictions.

Rosa DeLauro , top Democrat on the House Appropriations Committee , said Musk used his influence to have Republicans scrap provisions aimed at regulating US investments in China .

The controversy centers on Tesla 's Shanghai gigafactory, which produces about 50% of Tesla 's global automobile output.

Tesla 's stock declined by 3.46% on Friday , ending the session at $ 421.06 .

Despite this drop, the company's shares have surged 69.5% since the start of the year .

VR Score

60

Informative language

58

Neutral language

42

Article tone

formal

Language

English

Language complexity

56

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

13

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