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118 days

Elon Musk Says Most Drones Have ‘Supply Chain Dependency on China.’ He’s Wrong. - Barron's

1. Elon Musk criticized traditional fighters like the F-35 on social media. 2. LMT shares fell 15% after Musk's comments about supply chain dependencies. 3. Musk claims nearly all drones rely on Chinese supply chains. 4. Lockheed emphasizes compliance with laws against Chinese material in products. 5. The Pentagon seeks to reduce reliance on China for military materials by 2027.

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FAQ

Why Bearish?

Musk's statements negatively affected investor sentiment, causing LMT's stock drop.

How important is it?

Musk's influence on public perception can impact defense contractors like LMT significantly.

Why Short Term?

Immediate trader perceptions influenced by Musk’s tweet, leading to volatility.

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