Sep 19, 2018

"Funding secured" may become the two costliest words ever tweeted

Photo: Joshua Lott/Getty Images

Tesla has lost over $10 billion in market cap since Elon Musk's infamous — and false — claim, related to his efforts to take the company private.

The big picture: Both Musk and Tesla are now under criminal investigation by the Department of Justice, in addition to a continuing investigation by the SEC. The real fear now, for Tesla, its shareholders and its fanboys is that the government could find some sort of accounting or management problems that have nothing to do with the take-private fiasco.

Go deeper: Being Elon Musk

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Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 12:30 p.m. ET: 1,506,936 — Total deaths: 90,057 — Total recoveries: 340,112Map.
  2. U.S.: Total confirmed cases as of 12:30 p.m. ET: 432,596 — Total deaths: 14,831 — Total recoveries: 24,235Map.
  3. Business: The Fed will lend up to $2.3 trillion — Another 6.6 million jobless claims were filed last week.
  4. Public health latest: Dr. Anthony Fauci said social distancing could reduce the U.S. death toll to 60,000.
  5. Travel update: TSA screened fewer than 100,000 people at airports in the U.S. on both Tuesday and Wednesday, compared to 2.2 million passengers on an average weekday a year ago.
  6. 🎧 Podcast: Your hydroxychloroquine questions answered.
  7. What should I do? Pets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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Trump plans second coronavirus task force focused on the economy

Photo: Mandel Ngan/AFP via Getty Images

President Trump is preparing to launch a second coronavirus task force focused on reviving the U.S. economy that has been battered by the coronavirus, two administration officials tell Axios.

Why it matters: There is growing energy within the West Wing to start easing people back to work by May 1. But some public health officials, including those on the coronavirus task force, have warned against doing so, raising concerns about reopening America too soon.

New York's coronavirus death toll hits record high for third straight day

799 people died from coronavirus in New York over the past 24 hours, a record high for the third straight day that brings the state's total death toll to 7,067.

Why it matters: Gov. Andrew Cuomo said at a press conference that social distancing is helping "flatten the curve" of coronavirus hospitalizations, and that deaths are a lagging indicator. Still, he called the death figures "shocking and painful," noting that the virus has killed more than double the number of people who died in New York on 9/11.

Go deeperArrow21 mins ago - Health