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Tesla shares suffer New Year’s hangover on demand worries, delivery issues

The stock is the first loser in the S&P 500 on the first trading day of 2023 Selloff removes $50 billion from market capitalization Tesla misses fourth-quarter vehicle delivery estimate The electric vehicle company is still the world’s most valuable automaker Jan 3 (Reuters) – Tesla Inc. (TSLA.O) Stocks kicked off 2023 with a thud, …

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Tesla reports record quarterly deliveries but misses estimates

Rare for Tesla to deliver less than it produces Tesla stock in 2022 had its worst year since its IPO Jan 2 (Reuters) – Tesla Inc. (TSLA.O) Monday reported record fourth-quarter electric vehicle production and shipments but missed Wall Street estimates, dogged by logistical issues, slowing demand, rising interest rates and fears of recession. The …

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U.S. stocks drop on recession fears, Nasdaq closes at new bear market low

Tesla gains 3.3% in choppy trade Southwest Airlines slips 5.2% on government review Indices down: Dow 1.1%, S&P 500 1.20%, Nasdaq 1.35% Dec 28 (Reuters) – Major Wall Street indexes weakened on Wednesday, with the Nasdaq hitting a 2022 closing low, as investors grappled with mixed economic data, a rise in COVID cases in China …

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Battery swapping spurs Kenya’s electric motorbike drive

Electric motorcycle startups are stepping into Kenya Say battery swapping saves drivers time and money Planning to expand the model to Tanzania and Uganda NAIROBI, Dec 26 (Reuters) – In recent months, clusters of sturdy and brightly colored battery swap stations have popped up around Kenya’s capital Nairobi, allowing electric motorcyclists to swap their battery …

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Musk to step down as Twitter CEO once he finds ‘someone foolish’ enough as successor

Dec 20 (Reuters) – Billionaire Elon Musk said on Tuesday he would step down as chief executive of Twitter Inc once he finds a replacement, but will still lead some key divisions of the platform. social media. “I’ll step down as CEO as soon as I find someone dumb enough to take the job! After …

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Wall St closes slightly higher after four-day sell off

BOJ policy change rattles global sentiment Tesla drops 8% after brokers cut PT Energy stocks lead gains on crude support Indices up: Dow 0.28%, S&P 0.10%, Nasdaq 0.01% Dec 20 (Reuters) – Wall Street closed slightly higher on Tuesday after four sessions of declines, but investors worried about weak holiday buying and rising bond yields …

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Wall Street falls fourth straight day as recession worries nag

Dec 19 (Reuters) – Wall Street stocks closed lower on Monday for a fourth straight session, with the Nasdaq leading the declines as investors shun riskier bets amid fears the Federal Reserve’s tightening campaign could take a dive the US economy in a recession. The three major U.S. stock indexes have been under pressure since …

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Elon Musk restores Twitter accounts of journalists after suspensions draw backlash

Dec 17 (Reuters) – Elon Musk has reinstated the Twitter accounts of several journalists suspended for a day over a controversy over the publication of public data on the billionaire’s plane. The reinstatements came after the unprecedented suspensions drew scathing criticism from government officials, advocacy groups and journalism organizations in several parts of the world …

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U.S. to reveal scientific milestone on fusion energy -sources

WASHINGTON, Dec 12 (Reuters) – The U.S. Department of Energy will announce on Tuesday that scientists at a national laboratory have made a breakthrough on fusion, the process that powers the sun and stars that could one day provide a source of energy. ‘cheap electricity,’ three sources familiar with the matter said. Scientists at Lawrence …

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Tesla cuts Dec Model Y output at Shanghai plant by more than 20% versus Nov – sources

SHANGHAI, Dec 5 (Reuters) – Tesla (TSLA.O) plans to cut December production of the Model Y at its Shanghai plant by more than 20% from the previous month, two people with knowledge of the electric vehicle (EV) giant’s production plan said Monday. Tesla did not immediately respond to a request for comment on the planned …

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