Twitter Could Sue META & TSLA Lays Off Shanghai Battery Production Workers

Elon Musk threatens to sue Meta Platforms (META) over launching Twitter rival Instagram Threads. Renita Young discusses this as Twitter threatens to sue for "systematic, willful, and unlawful misappropriation of Twitter's trade secrets." A Twitter lawyer alleges that META hired former Twitter employees with access to trade secrets. Renita also talks about Tesla (TSLA) laying off battery production workers at its Shanghai plant. TSLA is offering rebates to China E.V. buyers in a new referral program. Tune in to find out more about the stock market today.