ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

China warns Elon Musk after COVID lab leak comments

China's state-run newspaper warned Elon Musk about coming on reports suggesting that the coronavirus originated in a lab in Wuhan, China.

China is warning Twitter CEO Elon Musk against sharing posts that promote the lab leak theory of the coronavirus, suggesting that such commentary could hurt Tesla’s relationship with the company’s second-largest market. 

The cryptic warning came on a social media post by the state-run Global Times newspaper. The writer was reacting to Musk commenting on a tweet mentioning the Department of Energy’s conclusion that COVID-19 originated at a lab in Wuhan, China. 

The original tweet, from the account "Kanekoa The Great," questioned whether Fauci was involved in the development of COVID-19 because he had funded "gain-of-function research at the Wuhan lab." 

"He did it via a pass-through organization (EcoHealth)," Musk responded, referring to the nonprofit group that was awarded nearly $8 million in federal research grants to study bat coronaviruses in China. 

The Global Times warned Musk that he could be "breaking the pot of China." The saying is similar to the saying "to bite the hand that feeds you," according to CNBC’s Eunice Yoon, who was the first to report on the warning.

CHINA EXPERT WARNS ‘WAR IN ASIA’ IS COMING IF US DOESN'T ACT: ‘THE CHOICE IS OURS’

As noted by the outlet, the electric vehicle maintains a factory campus in Shanghai. China is the company’s second-largest market. 

FOX Business has reached out to Musk and Tesla for comment. 

The Department of Energy has concluded COVID-19 most likely came from a lab in Wuhan, China, according to the classified intelligence report cited by The Wall Street Journal. 

CLICK HERE TO GET THE FOX BUSINESS APP

The so-called lab leak theory was widely dismissed as a conspiracy or "fringe" theory. It was labeled as "misinformation" by Democrats, major news outlets, and social media companies in the early stages of the pandemic suppressed the theory from being circulated. 

Fox News’ Ashley Carnahan contributed to this report. 

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.