An employee closes the front hood of a Tesla Inc. Model 3 electric vehicle at the company's showroom in Newport Beach, California. “The car insurance industry is incredibly inefficient,” Tesla CEO Elon Musk told attendees of the All-In Summit in Miami. “You’ve got so many middle entities, from insurance agents all the way to the final reinsurer, there’s like a half-dozen companies each taking a cut.” (Credit: Patrick T. Fallon/Bloomberg)

(Bloomberg) — For more than six weeks now, the tech and finance industry has been riveted by Elon Musk’s pursuit of Twitter.

The topic has sucked up tons of oxygen and contributed to Tesla shares sagging amid a broader market rout and Shanghai’s shutdown to contain the spread of Covid-19.

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