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Tesla Inc.’s (TSLA) vehicle registrations in California almost halved in the second quarter of the year, Reuters reported, citing data from Cross-Sell, a marketing research firm that collates title and registration data.Shares were trading down 5.4% at $1,463 in Thursday’s pre-market trading. The data showed registrations in California, a bellwether market for the electric-car maker, plunged almost 48% from a year earlier to 9,774 vehicles in the three months ended June 2020.During the reported period between April and June, most parts of the U.S. were under government-imposed stay-at-home orders to slow the spread of the coronavirus outbreak, which impacted production and caused a plunge in auto sales.Tesla’s only U.S. vehicle factory in California was closed for more than six weeks with production disrupted from the end of March to early May.In the second quarter, Model 3 registrations in the state, which accounted for more than half of the total registrations, dropped...
"Strong capital markets results provided an important counterbalance to the COVID-19-related impacts on our Consumer business," Chief Executive Officer Brian Moynihan said, calling the quarter "the most tumultuous period since the Great Depression". Net interest income (NII), a key measure of how much banks can make from their lending activities, has, however, been pressured by the pandemic as the U.S. Federal Reserve slashed interest rates to near-zero levels. Bank of America's NII fell 11% to $10.8 billion....
JinkoSolar Holding Co., Ltd.'s (NYSE:JKS) price-to-earnings (or "P/E") ratio of 5.8x might make it look like a strong......
TORONTO, July 16, 2020 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") (TSX: LGO) (OTCQX: LGORF) announces second quarter 2020 production results from its Maracás Menchen Mine with production of 2,562 tonnes (5.6 million lbs) of vanadium pentoxide ("V2O5") produced at an average global recovery rate2 of 80.8%. This represents a 2.0% increase in production over Q2 2019 and the strong production in May and June further demonstrates the plant's ability to perform above its current nameplate capacity of 1,000 tonnes of V2O5 per month....
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 17x, you may......
