Skip to content Skip to footer

Russia Begins to Send Troops Back, Airbnb’s Earnings Call & Elon’s Generous $5.7 Billion to Charity

Global indices rebound, as Russia “sends troops home

Indices across the globe were higher on Tuesday, as it was reported that Russia was withdrawing troops from the Ukrainian border.

In a statement released earlier today, Igor Konashenkov, of the Russian Ministry of Defence, said “some troops have already begun loading onto rail and road transport and will begin moving to their military garrisons today”.

This news followed recent talks between Putin and Biden over the weekend, and seems to have promoted somewhat of a de-escalation of tensions.

💡 All this because of a possible NATO alliance, but, why does Ukraine want to join NATO?
Ukraine has repeatedly stated its intention to become a NATO member state – an objective that is written into the country’s constitution. Joining the alliance would boost Ukraine’s defensive strength, because of NATO’s principle of collective defense.

However, Ukrainian citizen’s are split on views and Western powers have yet to be convinced that Kyiv has done enough to meet the criteria so that the 30 members states approve

Despite this, Ukrainian leaders seem sceptical, with  Foreign Minister Dmytro Kuleba stating that, “We in Ukraine have a rule: we don’t believe what we hear, we believe what we see. If a real withdrawal follows these statements, we will believe in the beginning of a real de-escalation”.

The DAX 30, FTSE 100 and CAC 40 all closed over 1% higher, all major U.S. indices were also higher as of writing.

Airbnb shares higher prior to earnings call

Airbnb’s share price was higher on Tuesday, as markets were waiting for the company’s quarterly earnings report.

The company will hold its Q4 earnings call after today’s closing bell, and it is expected that both revenue and earnings would show growth.

According to reports, revenue is expected at $1.46 billion for the quarter, up from $859.3 million in Q4 of 2020.

This comes as global lockdown restrictions have mostly been lifted, with travel bans also easing during that period.

As such, many expect bookings to exponentially increase, which has put its earnings target to 26 cents per share.

$ABNB was trading 5.66% higher as of writing.

Tesla up, as Musk gives $5.7 billion to charity

Shares in Tesla were also higher today, as it was reported that Elon Musk donated close to $6 billion to charity.

According to filings by the Securities and Exchange Commission, Tesla’s CEO donated a total of 5,044,000 shares in the automaker to a charity from November 19th.

Details of the charity are unknown, however the donation came after Musk sold around $16.4 billion worth of stock, following a Twitter poll he had in the fall.

The initial sale came after Musk was pressed by Senator Bernie Sanders regarding his tax contributions.

Tesla was trading up almost 5% on the news. 

“The fundamental law of investing is the uncertainty of the future.”

-Peter Bernstein.

Eliman Dambell

Senior Market Analyst