trading

The company said it had to act because of difficult trading conditions, including intense competition and weak demand for electric vehicles.

“If you had that document with that exact verbiage issued by a CEO of a publicly traded company, they would be charged with fraud in two seconds. That is insider trading.”

Trump Media & Technology Group, which operates Trump's social media company Truth Social, is in talks to buy crypto trading firm Bakkt, the Financial Times reported.

It added sales were challenging in the face of a "difficult trading environment and uncertain macroeconomic trends".

Shares in the company, a bellwether for the economy, gained in premarket trading.