Stocks slide as Tesla falls on slower Q2 deliveries

The Dow Jones Industrial Average fell 600 points on Tuesday morning, signaling a weak start to the holiday-shortened week. Tesla stock slipped after the company reported weaker-than-expected second-quarter deliveries. X Chip equipment manufacturer based in the Netherlands ASML Holding (ASML) fell sharply as chip stocks continued to falter Micron technology‘s (MU) weak earnings report on … Read more

Amid market troubles, don’t feed the bear; Tesla deliveries due

Dow Jones futures open Sunday night, along with S&P 500 futures and Nasdaq futures. A newly confirmed stock market rally quickly came under ‘pressure’ last week as major indices sold off despite Friday afternoon’s recovery. X Tesla (TSLA) and China BYD (BYDDF) should release sales figures over the weekend after strong shipments in June Li … Read more

A $1,000 monthly car payment is becoming more and more normal

photo: Spencer Platt (Getty Images) There’s another exciting new metric for how expensive cars are getting, Tesla’s global factory shutdowns are catching up and Renault and Nissan are already having to part ways. All that and more in this Friday edition of The morning shift for July 1, 2022. 1st course: a sign of the … Read more

The average cost of an electric car is now $54,000

photo: Christopher Furlong (Getty Images) The average cost of buying an electric car is now $10,000 more than buying a gas-powered vehicle. Japanese legislators want to cut the targets for zero-emission vehicles. and the Hyundai Ioniq 5. All that and more inside The morning shift for June 27, 2022. 1st gear: The Average Cost of … Read more

The average cost of an electric car is now $54,000

photo: Christopher Furlong (Getty Images) The average cost of buying an electric car is now $10,000 more than buying a gas-powered vehicle. Japanese legislators want to cut the targets for zero-emission vehicles. and the Hyundai Ioniq 5. All that and more inside The morning shift for June 27, 2022. 1st gear: The Average Cost of … Read more

Biden administration leans on Tesla to reform renewable fuel policy

Jun 23 (Reuters) – US President Joe Biden rarely mentions electric car maker Tesla Inc (TSLA.O) in public. But privately, his government has leaned on the company to help draft a new policy to allow electric vehicles (EVs) to benefit from the country’s lucrative renewable fuel subsidies, according to emails verified by Reuters. The Biden … Read more

I regret to report that the most American made car is a Tesla

photo: Associated Press Tesla appears to be the leader when it comes to American-made cars, Senator Joe Manchin dashed their hopes of an extra tax credit for electric vehicles made with domestic union labor. and General Motors hits the pause button Lobster EV factory…but it’s a good thing. Plus: My cat is still missing. All … Read more

stocks jump; Tesla cuts jobs, Kellogg comes after separation

The Dow Jones, along with the S&P 500 and the Nasdaq Composite, rose sharply at the open, signaling a market recovery after major indices fell to their lowest levels since late 2020 last week. Treasury bond and crude oil futures yields rose as bitcoin tumbled after a strong weekend. X Tesla (TSLA), Li car (LI), … Read more

How to keep your job or get a better one when there’s a recession

The labor market is still very hot. But worried about the economy, many people are wondering if their jobs are secure enough to survive. Last week, Tesla said it would lay off 10% of its employees, and Netflix has had layoffs and hiring freezes or delays, Carvana and Robinhood, among other. Several big bank CEOs … Read more

Ferrari says never drive yourself

photo: Ferrari Italian icon Ferrari yesterday outlined her vision for the future, a future that will never include a self-driving supercar. Also, Porsche was ordered to cough over fuel-saving allegations, and VW bosses questioned America’s battery-making capacity. All that and more inside The morning shift for June 17, 2022. 1st gear: You will never See … Read more