Tesla plans to pause most production at its only European factory because of supply chain problems arising from attacks in the Red Sea...
Continue ReadingTesla is planning to halt production at its German factory for two weeks as attacks on Red Sea shipping lengthen transport times from Asia to Europe...
Continue ReadingThe Nasdaq 100 houses two historically inexpensive companies with lengthy track records of double-digit growth, as well as a highflier with a first-mover advantage that's dwindling...
Continue ReadingTesla says it's temporarily halting most production at its German factory because of attacks in the Red Sea, a vital global shipping corridor. The electric vehicle maker said in a statement Thursday night that its factory near Berlin, which makes Model Y vehicles and batteries, will pause from Jan. 29 to Feb. 11. It’s a fresh sign of how the hostilities in the Mideast are disrupting global manufacturing supply chains, with shipping companies reporting that they’re being forced to reroute vessels carrying goods and components on the longer route around the southern tip of Africa...
Continue ReadingIf the fund manager's calculations prove to be accurate, Tesla investors could enjoy more than sevenfold returns in less than four years. Is she right?...
Continue ReadingJPMorgan Chase, Bank of America, Wells Fargo, and Citigroup are scheduled to report earnings Friday, Exxon and Chevron rise as oil prices jump after a U.S.-led coalition launches strikes on Houthi rebel targets in Yemen, and Tesla says it will halt production in Berlin for two weeks as the Red Sea conflict continues...
Continue ReadingTesla has cut the prices of its Shanghai-made vehicles by up to 6 per cent as it works to maintain its leading position in the premium segment of the world's largest electric vehicle (EV) market. The Texas-based company announced on Friday that the price of the entry-level edition of its Model 3 will be reduced from 261,400 yuan (US$36,814) to 245,900 yuan, while the starting price of the Model Y is now 258,900 yuan, down from 266,400 yuan. The price cuts come after Tesla reported 15.7 per cent...
Continue ReadingBoeing has a lot of problems, but diversity isn’t one of them. You wouldn’t know that, though, listening to Tesla CEO Elon Musk, who weighed into the Boeing 737 MAX 9 debate on Wednesday, linking problems with the 737 MAX jet to Boeing’s diversity, equity, and inclusion, or DEI, policies. “People will die due to DEI,” tweeted Musk...
Continue ReadingEV shocker: Tesla, Rivian and Fisker fall after Hertz hits the gas pedal. CVS paring down pharmacy footprint inside Target: WSJ. Amgen may be evaluating Cytokinetics bid...
Continue ReadingCyclical sectors started the year on a down note, indicating concerns about a possible recession in 2024. Click here to read more...
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