Trump Goes Full Cancel Culture As He Angrily Demands Fox News Fire Karl Rove

Why Marijuana Stocks Like Canopy Growth and Aphria Got Trashed on Thursday

Thursday was a day to forget for most stock market investors, particularly holders of marijuana titles. Industry bellwethers Canopy Growth (NASDAQ: CGC), Aurora Cannabis (NYSE: ACB), Aphria (NASDAQ: APHA), HEXO (NYSE: HEXO), and Organigram Holdings (NASDAQ: OGI) all fell harder than the S&P 500 index at declines ranging from 6.1% (Aurora) to just over 8% (Aphria).

Elon Musk Says There's A Reason Why Only 2 US Carmakers Have Avoided Bankruptcy Out Of Thousands

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk said Thursday that his electric vehicle firm and Ford Motor Company (NYSE: F) were the only American carmakers not to have gone bankrupt out of the thousands of startups operating in the industry. What Happened: Musk reasoned on Twitter that while “prototypes are easy, production is hard [and] being cash flow positive is excruciating.” The entrepreneur also reacted to Twitter users who posted on the rivalry between the two companies' trucks. — Elon Musk (@elonmusk) March 4, 2021 Why It Matters: In November 2018, Musk had said in an interview that the “history of car companies in America is terrible.” He had said at the time, “the only ones that haven’t gone bankrupt are Tesla and Ford. That’s it. Everyone else has gone bankrupt.” See also: How to Invest in Tesla Stock Musk credited excruciating effort by him and hundred-hour weeks by Tesla employees for the survival of Tesla. Musk had said that while General Motors Company (NYSE: GM) and Chrysler — now a marque under Stellantis NV (NYSE: STLA) — had already gone bankrupt, Ford and Tesla barely made it through a recession. Musk had not seemed upbeat at Ford’s prospects in 2018 and said, “there’s a good chance Ford doesn’t make it in the next recession.” See Also: Tesla Cybertruck Loses Out To Ford F-150 In Cox Survey Of US Pickup Buyers In November, Musk revealed that Tesla was only a month away from bankruptcy ahead of the Model 3 rollout. He said that it was “extremely difficult” to raise money for an electric car startup when peers like GM and Chrysler were going bankrupt. “I put in my last money, even though I thought we would still fail. But, it was either that or certain death for Tesla.” On Wednesday, it was reported that Tesla is bleeding Battery EV market share to Ford Mustang Mach-E, as per Morgan Stanley. Price Action: Tesla shares fell 3.43% in the after-hours session on Thursday to $600.10 after closing the regular session 4.86% lower at $621.44. On the same day, Ford shares closed nearly 2% lower at $11.93 and fell almost 2.2% in the after-hours session. Click here to check out Benzinga’s EV Hub for the latest electric vehicles news. Photo courtesy: Forbes via Wikimedia See more from BenzingaClick here for options trades from BenzingaTesla Should Sell Its Bitcoin and Buy Back Shares To Create 'Positive Momentum,' Says AnalystTesla Saw 78% Surge In German Registrations In 2020 — The Highest Of Any Automaker By Far© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Tom Morello Hits Back at Accusation of ‘White Privilege’: ‘I’m Not White’

Rage Against the Machine guitarist/activist Tom Morello is usually a man of many words but in a response to a Twitter user who accused him of "white man privilege" on Wednesday, he gave a simple answer to the accusation. His reply? "I’m not white." The guitarist sent the message to Twitter user…

Lance Waldroup, Star of Discovery’s ‘Moonshiners,’ Dies at 30

‘I want to hurt him the same way he hurt me’: My husband sprung a prenup on me 3 days before our wedding. I recently found it

‘For two years, I asked for a copy and he couldn’t find it: when I finally had enough, I found it in his office and made myself a copy.’