Catching you up on today’s top headlines with Bitcoin falling below $24,000, U.S. gas prices reaching above $5 on average, Tesla shareholders voting on a 3-for-1 stock split, and more.

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In Business: Crypto Crashing, $5-Plus Gas Prices & Tesla Stock Split

and investors largely moving away from crypto and other risky assets with high inflation and a likely upcoming rate hike from the Fed this week, weighing down sentiment Well Bitcoin currently trading below 24,000, that's its lowest since December of 2020. That's a bit shocking. We're gonna have another check on Bitcoin and other crypto coming up later this hour. But for everyone who thought Bitcoin was a hedge against inflation, it's kind of a hedge during positive times. Not downward trends. Like we see right now across risk assets Plus average gas prices in the us above $5 a gallon now for the third day in a row and not likely to go lower anytime soon. So demand for gas extremely high as people return to a more normal lifestyle from the pandemic And meanwhile the war in Ukraine putting pressure on the global supply chain as usual, the average US household spending about $160 more a month on gas than the same time a year ago. That money quickly adds up. Gas prices were just above $3 a gallon for regular at that time. And a few tesla headlines that we're following on this monday afternoon, the company looking for investor approval for a 3-1 stock split. The move would make shares of the world's biggest automaker by market cap. More affordable shareholders will vote on August four and if the proposal passes, it would be the second stock split for Tesla in less than two years In August of 2020. Tesla did enact a five for one stock split and Tesla also receiving oracle co founder Larry Ellison, revealing that he does not plan to stand for reelection to the E. V. Giants board when his term ends this year. So Ellison did commit funding for Elon musk's $44 billion twitter takeover. We'll see how that all shakes out. But Tesla and the news per usual take a look though. This is, This is a big haircut for the company down close to 6% today, the stock is $656 a piece. It's been a long time I think since any investor really has seen Tesla this low after it had been above $1,000 a share just several months ago. So Tesla trying to get a little bit of a boost after RBC capital markets did upgrade the stock to outperform, citing the company's focus on supply chain efficiencies and vertical integration when it comes to parts like batteries and software, but still clearly not enough to lift the stock today. So analysts saying Tesla's early focus on producing its own materials will help it compete with rivals in the face of other industrywide raw material shortages. And the firm also noting that second quarter margins could be higher than anticipated, since investors are braced for lower delivery totals