Apple Inc. is scheduled to hold another hardware launch event Monday. The Apple Analyst: Wedbush Analyst Daniel Ives maintained an Outperform rating and $185 price target on Apple shares. The Apple Thesis: Apple is expected to launch a handful of products, led by the MacBook Pro and likely the new AirPods 3, Ives said in…
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This Legacy Automaker Has a Better One-Year Return Than GM, Tesla, Nio, and Plug Power
Investors who added Ford Motor Company stock to their portfolios one year ago know the meaning of “Built Ford Tough.” Since October 2020, Ford stock’s one-year return has outperformed a number of the world’s most popular automobile, electric vehicle, and clean energy stocks: General Motors Company, Tesla Inc., Nio Inc.-ADR, and Plug Power Inc. Ford…
Tesla Directors Get Softer Support, Shareholder Proposal Gains Traction
Electric carmaker Tesla Inc. on Wednesday reported lower support than usual for two directors at its recent shareholder meeting, and greater support for a call to review the company’s use of mandatory arbitration after a court decision in favor of a temporary employee who accused Tesla of racial discrimination. The votes indicated growing shareholder dissatisfaction…
China’s Factory Gate Inflation Index Reaches Record High
China’s factory-gate inflation index, the PPI, rose 10.7 percent from a year earlier in September—the highest level on record—driven in part by soaring energy prices, and potentially adding to global inflation pressure. The National Bureau of Statistics (NBS) on Thursday released the figure that measures price fluctuations of goods at the factory gate. China’s producer price index…
US Regulators Seek Answers From Tesla Over Lack of Recall
DETROIT—U.S. safety investigators want to know why Tesla didn’t file recall documents when it updated Autopilot software to better identify parked emergency vehicles, escalating a simmering clash between the automaker and regulators. In a letter to Tesla, the National Highway Traffic Safety Administration told the electric car maker Tuesday that it must recall vehicles if…
Tesla Sold Record 56,006 China-Made Vehicles in September: CPCA
October 12, 2021
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BEIJING—U.S. electric vehicle (EV) maker Tesla Inc. sold 56,006 China-made vehicles in September, the highest since it started production in Shanghai about two years ago, data from the China Passenger Car Association (CPCA) showed on Tuesday. The September sales included 3,853 that were exported, the data showed. Tesla, which is making Model 3 sedans and…
First Berlin Teslas Could Come Next Month, Musk Tells Fans
GRUENHEIDE, Germany—The first cars to emerge from Tesla’s new Berlin factory should roll off the production line as early as next month, CEO Elon Musk said at the site of the plant on Saturday, but added that volume production would take much longer to achieve. Musk hopes to get the green light in coming weeks…
Musk’s Tesla Plant Party in Berlin Draws Fans and Protests
GRUENHEIDE, Germany—Tesla fans flocked to the carmaker’s new factory near Berlin on Saturday, where Chief Executive Elon Musk staged a county-fair style festival to celebrate the site’s imminent opening. Musk hopes in coming weeks to get the green light to start production at the site, which at its peak will produce 500,000 battery-electric vehicles (BEVs)…
NTD Business Full Broadcast (Oct. 8)
Hiring in the private sector making steady progress, but job losses in the government weigh down the September jobs report. The global corporate tax deal is moving forward. 136 countries reached an agreement Friday. What does this mean for businesses and what’s next? Tesla moving its headquarters out of California. Partly due to high property…
California Losing Tesla Headquarters to Texas
During his remarks to Tesla’s shareholders at their 2021 Annual Shareholder Meeting on Oct. 7 near Austin, Texas, Tesla co-founder and CEO Elon Musk announced to applause, “I’m excited to announce we’re moving our headquarters to Austin, Texas.” At the same time, he displayed a Tesla logo super-imposed on a Texas-style sheriff badge that read “Don’t…
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