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Oil Jumps on Russia Sanctions, Tesla Profits Fall & Musk’s $1T Pay Plan | The Opening Trade 10/23
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October 23, 2025
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1:35:31Now PlayingCrude oil jumped to a two-week high after President Donald Trump imposed sanctions on Russia’s biggest producers in Rosneft and Lukoil, citing Moscow’s lack of commitment to peace in Ukraine. Refinery executives in India — a key buyer of Russian crude — said the restrictions would make it impossible for flows to continue.
Tesla’s profit plunged as rising costs undercut a record quarter of vehicle sales. Elon Musk spent the end of Tesla's earnings call pleading to ratify his upcoming $1 trillion pay package. Tesla’s CFO Vaibhav Taneja, with the final words before the call ended, argued that the board committee that assembled the proposed compensation package did so by ensuring Musk doesn’t get any benefit unless shareholders make substantial returns.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta.
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