Elon Musk Has 'Fond Memories' From Red Lobster, Expresses Sorrow At Seafood Chain's Bankruptcy News
Portfolio Pulse from Benzinga Neuro
Elon Musk expressed his sorrow over Red Lobster's Chapter 11 bankruptcy filing. The seafood chain plans to close over 50 branches and restructure under new CEO Jonathan Tibus. Red Lobster has been struggling financially due to operational losses from its 'Ultimate Endless Shrimp' promotion.
May 22, 2024 | 12:50 am
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NEUTRAL IMPACT
Elon Musk's expression of sorrow over Red Lobster's bankruptcy may have a minor sentimental impact on Tesla's stock, but no significant financial implications.
Elon Musk's personal sentiment towards Red Lobster's bankruptcy is unlikely to affect Tesla's stock price significantly. Investors may view this as a minor human interest story.
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