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Investing in the FTSE 250 may produce higher returns than gold over the long run, helping investors who want to get rich and retire early. The post Forget gold! I’d buy the FTSE 250 to get rich and retire early appeared first on The Motley Fool UK....
Tesla announced that it delivered 139,300 units 3Q, which came ahead of analysts’ expectations of 137,000 units. Despite reporting strong shipment data, shares of the all-electric vehicle maker fell 7.4% on Friday due to the market sell-off on news of President Donald Trump’s positive test for Covid-19.Tesla’s (TSLA) Model 3 Sedan and Model Y crossover SUV made up 89% of the total 3Q deliveries while the older Model S and X accounted for the rest. During the quarter, Tesla shipped 124,100 Model 3 and Model Y vehicles, reflecting a year-over-year growth of 55.9%. Shipments for Model S and X plunged 12.6% to 15,200 units year-on-year.Additionally, the company stated that its new vehicle inventory level in terms of days of sales declined further during the quarter mainly driven by improved delivery efficiency. Furthermore, Tesla’s total production increased by 81.7% to 145,036 vehicles from 79,837 units in the year-ago quarter. (See TSLA stock...
Uber Technologies announced on Friday that its wholly-owned trucking logistics arm – Uber Freight – has received a $500 million preferred stock investment from a group led by Greenbriar Equity. According to the ride hailing and food delivery company, the deal values the subsidiary unit at $3.3 billion on a post-money basis.Uber (UBER) intends to use the investment proceeds to build out its logistics platform and speed up product innovations. As part of the transaction, Greenbriar Managing Partners Michael Weiss and Jill Raker will join the Uber Freight board. Uber stated that it will continue to maintain majority ownership in the logistics arm.Head of Uber Freight, Lior Ron said, "We are thrilled to be moving into the next chapter with Greenbriar by our side as a partner with deep expertise and a shared passion for simplifying logistics. We will continue to leverage Uber’s leading marketplace technology, global reach, and cross-platform capabilities...
WINNIPEG, Manitoba/NEW YORK (Reuters) - U.S. oil refineries are moving aggressively to produce renewable diesel, partly to cash in on Canada's greener fuel standard before Canadian refiners modify their own plants. Canadian Prime Minister Justin Trudeau's government intends to present its Clean Fuel Standard this year, aiming to cut 30 million tonnes of emissions by 2030. Renewable diesel, made by processing spent cooking oil, canola oil or animal fats, can be used in high concentrations or without blending in conventional diesel engines....
With President Trump hospitalized with the coronavirus, Dow Jones futures and the stock market rally are likely to take their cue from his condition. Here's your investing prescription...
News of Trump's hospitalization at a military medical center outside Washington, where he remained on Saturday, came after trading ended on Friday. Many investors are concerned, however, that a serious decline in Trump’s health less than a month before Americans go to the polls on Nov. 3 could roil a U.S. stock market that recently notched its worst monthly performance since its selloff in March while causing turbulence in other assets....
