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Tesla Inc (NASDAQ: TSLA) has set in motion the plans to expand battery production and lower prices following its battery day event. This is already being seen in a price reduction of the Model 3 in China, along with a switch to new LFP batteries. Now it seems that customer traffic triggered by the price decrease could be overwhelming Tesla employees in China.> Wonder how crazy MIC Model 3 sales was on the first day of price cuts. According to a sales rep, all stores were flooded with new orders and store employees hardly had time for meals & communicating with customers. Q4 will be insane. pic.twitter.com/vHN4CsrMor> > -- RayTesla (@ray4tesla) October 1, 2020Benzinga's Take: It looks like Tesla is working on an impressive number of deliveries to kick off the fourth quarter.Tesla is expected to announce third-quarter deliveries in the next few days and is aiming to deliver over 500,000...
Airlines' lack of bailout money has forced massive layoffs across the industry. Yahoo Finance's Sibile Marcellus and Kristin Myers discuss....
Since 2019, the healthcare sector has been bracing for the wild ride that would be the election year. However, according to some Street pros, 2021 is looking a lot like 2009, and this could actually be a good thing for the space.“[We] think 2021 will play out very similarly to 2009 for the health care sector. If in fact the political prediction markets are correct and Democrats seize control of the presidency and the U.S. Senate, the rhetoric on changes to health care policy exceeds the reality of what can be accomplished," UBS healthcare strategist Eric Potoker noted.Potoker points out that the 2009 passage of the Affordable Care Act (ACA) had a muted effect on the industry, with demand for products and services rising due to expanded health coverage. Healthcare stocks reaped the benefits of this between 2009 and 2015, and the space outperformed the rest of the market.To this end,...
Expect the “biggest digital holiday season ever.” Also expect a lot of frustration from holiday customers, as deliveries get delayed....
The much-hyped Nikola Badger electric pickup looks like an endangered species. It is absent from the electric truck startup's road map of milestones, and a delayed manufacturing deal with General Motors Company (NYSE: GM) points to its demise before a physical prototype is ever revealed.The Badger was not in Nikola Corp. (NASDAQ: NKLA) business plan a year ago. And it isn't there now. Founder Trevor Milton used it as a buzz-building tool for the company following the reveal of rival Tesla Inc. (NASDAQ: TSLA) Cybertruck, a polarizing design that the electric truck leader plans to build at a new plant in Austin, Texas."A lot of people didn't like the look of the Cybertruck, including me," Nikola CEO Mark Russell said on the company's earnings call on Aug. 4. "I think it looks like a doorstop. But they got lots of reservations for it. So Trevor just released the concept that we...
The US Labor Department will release the September jobs report Friday morning at 8:30 a.m. ET....
