25 June 2022, Rhineland-Palatinate, Prüm: Logo, lettering of Tesla at the plant Tesla Grohmann … [+] Automation Photo: Horst Galuschka/dpa (Photo by Horst Galuschka/picture alliance via Getty Images) dpa/picture alliance via Getty Images Tesla’s deliveries for the second quarter declined by about 18% sequentially to 254,695, down by almost 18% from the prior second quarter,…
NEW YORK, NY – MAY 02: Elon Musk is seen at the 2022 Met Gala Celebrating “In America: An Anthology … [+] of Fashion” at The Metropolitan Museum of Art on May 2, 2022 in New York City. (Photo by NDZ/Star Max/GC Images) GC Images If a stock falls 46% in six months, is it…
Markets have been weak of late. A slew of economic reports are the focus this week. (Photo by Peter … [+] Macdiarmid/Getty Images) Getty Images Key Takeaways Euro and Dollar Approach Parity Friday Jobs Report Crypto Fallout Continues It’s employment week this week, and given the hawkish eye with which the Fed is watching for…
A BYD Tang vehicle on sale in Beijing last year. Photographer: Qilai Shen/Bloomberg © 2021 Bloomberg Finance LP BYD, the China vehicle and battery maker backed by Warren Buffett’s Berkshire Hathaway, said on Sunday sales of new energy vehicles more than tripled in June to 134,036 from 41,036 a year earlier, underscoring the popularity of…
Topline High-profile stock picker Cathie Wood conceded to being wrong about the duration of high inflation that’s contributed to her fund’s steep decline this year while doubling down on her belief that the economy has fallen into a recession—defying a vast majority of experts noting a recession is unlikely this year despite growing odds of…
CEO of Tesla Motors Elon Musk speaks at the Tesla Giga Texas manufacturing “Cyber Rodeo” grand … [+] opening party on April 7, 2022 in Austin, Texas. – Tesla welcomed throngs of electric car lovers to Texas on April 7 for a huge party inaugurating a “gigafactory” the size of 100 professional soccer fields. (Photo…
Musk complained last week that the current EV tax credit of up to $7,500 now puts Tesla at a competitive disadvantage. (Photo by Visual China Group via Getty Images/Visual China Group via Getty Images) Visual China Group via Getty Images Planning to buy an electric vehicle? Your net cost could depend on how successful the…
Key News Asian equities were mixed, but mostly higher overnight as Hong Kong outperformed, driven by growth and internet stocks as optimism gathers over the end to lockdowns in China and an improving macroeconomic picture. However, Mainland markets were lower on light turnover. China developers saw gains last night and yesterday as a data release…
SOPA Images/LightRocket via Getty Images Key takeaways Tesla have announced layoffs to 10% of their workforce with Coinbase also laying 18% of theirs It’s the latest in a string of headcount reductions, particularly in the crypto sector These layoffs are being made on the assumption that a recession is around the corner, but it’s still…
UKRAINE – 2021/10/09: In this photo illustration Corning Incorporated logo seen displayed on a … [+] smartphone and in the background. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images After nearly a 14% fall year-to-date, we believe Corning stock (NYSE: GLW) is undervalued at the current levels. GLW stock…