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Tesla plans to build 500,000 electric vehicles a year at its new factory on the outskirts of Berlin, Germany's Bild newspaper reported on Wednesday. Last month, Tesla Chief Executive Elon Musk announced that a site in Gruenheide, Brandenburg, had been chosen to build Tesla Model 3 and Model Y vehicles. German newspaper Frankfurter Allgemeine Zeitung reported that Tesla will invest up to 4 billion euros (£3.44 billion) in the plant.
While attending the Charles Schwab IMPACT Conference, ETFdb Co-CEO Tom Lydon spoke with ARK Investments CMO Sebastian Benkert about its ETF strategies.
(AMZN) CEO Jeff Bezos’s privately held space company, Blue Origin, just completed another successful launch. The trip brings the rocket company closer to its goal of carrying tourists into space—a journey that would be fun, but expensive. “This mission was another step toward verifying New Shepard for human spaceflight as we continue to mature the safety and reliability of the vehicle,” reads the company’s Wednesday news release.
Tesla stock is up sharply since hitting a low point in June, as the electric automaker turned in a profitable third quarter and continues to expand production. It's The IBD Stock Of The Day.
TD Ameritrade Holding Corp. (NASDAQ: AMTD) clients were net buyers of Walt Disney Co (NYSE: DIS) during November following Disney’s release of its highly anticipated streaming service Disney+. This is according to the TD Ameritrade IMX, a monthly measure of buying and selling activity among the firm’s clients. Shares of Disney hit an all-time high on Nov. 26 after it was reported that the streaming platform was averaging 1 million new subscribers per day.
Privately held supercar company McLaren wants to build electric vehicles in the near future. When they do, McLaren’s offerings will directly compete with the high-end Tesla Roadster due out in 2020 or 2021.
If you want to make money in the stock market, you should avoid the battleground stocks, Jim Cramer told his Mad Money viewers Wednesday. Tesla and Netflix have been two long-running battlegrounds between the bulls and the bears, Cramer said, and he's recently changed his opinion on both of them. There are three things that define a battleground stock.
Sometimes though, like in this market, where the animal spirits - bullish animal spirits - can bowl you over, sometimes you have to take a stand, and that's exactly what I've been doing with Tesla and what I've gone back and forth on with Netflix , the two biggest hornets' nests of our generation. You can't put a price to earnings ratio on cool, on but you might buy cool and therefore want to buy the stock. For example: if you like it you might want to buy the stock but be careful of the balance sheet.
“No other” electric car comes close to matching what the Tesla Inc. Model 3 offers for under $40,000, Edmunds.com says. Other top vehicles named by Edmunds on Wednesday included the Honda Accord as the best sedan and the Fiat Chrysler Ram as best pickup truck.
Cathie Wood, founder and CEO of ARK Invest, which runs several innovation technology exchange-traded funds, among other things, sat down with MarketWatch to discuss investing opportunities, running a flat company, Elon Musk, and much more.
Understanding what is going on at Tesla’s factory in Fremont, Calif., can help investors plot the trajectory of costs as the company’s production lineup and global manufacturing footprint grow more complex.
The major stock indexes held uneven gains Wednesday, as Boeing and Home Depot stock weighed heavily on the Dow Jones Industrial Average.
Tesla is an automaker that makes electric vehicles. Sure, Tesla Inc. (NASDAQ: TSLA) is developing an all-electric tractor-trailer rig that initially will be used for drayage and short-haul applications. Tesla is really a technology company that makes cars.
Edmunds has an overall 8.4 out of 10 rating on the vehicle, which `makes excellent use of its dimensions and feels roomier than many of its competitors.'
U.S. electric vehicle maker Tesla Inc plans to increase prices of imported Model 3 vehicles in China in January, sources familiar with the matter said. Tesla plans to increase prices of imported Model 3 vehicles with longer range and those with performance function, which are currently priced at 439,900 yuan ($62,495.56) and 509,900 yuan, respectively. The move comes as Tesla, which is building a car plant in Shanghai, aims to deliver China-made Model 3 sedans, which are priced at 355,800 yuan, to customers before Jan. 25 next year.
Porsche Automobil Holding SE (OTC: POAHF ) has received down payments from 30,000 customers in Europe for its first all-electric car Taycan, according to Reuters . What Happened Porsche’s CEO Oliver Blume ...
Tesla plans to build 500,000 electric vehicles a year at its new factory on the outskirts of Berlin, Germany's Bild newspaper reported on Wednesday. Last month, Tesla Chief Executive Elon Musk announced that a site in Gruenheide, Brandenburg, had been chosen to build Tesla Model 3 and Model Y vehicles. German newspaper Frankfurter Allgemeine Zeitung reported that Tesla will invest up to 4 billion euros ($4.41 billion) in the plant.
(Bloomberg) -- Tesla Inc. aims to produce as many as 500,000 of its Model 3 and Model Y electric cars annually at its planned factory close to Berlin, Bild Zeitung reported.The carmaker will employ about 10,000 people at the site, which will occupy an area equivalent to 420 soccer fields, the newspaper said, citing initial plans for the factory, which shows a complete production line as well as testing facilities. Construction is set to start next year.Tesla Chief Executive Officer Elon Musk wants Germany to sweep away its notorious red tape to speed construction of the facility, avoiding the bureaucracy that’s held up building Berlin’s new airport. Economy Minister Peter Altmaier said this week that he will try to ease regulatory hurdles that may snag construction. “There’s a lot at stake” in Tesla’s plan, he said.After a slow start, electric-vehicle sales are picking up in Germany, overtaking Norway as Europe’s biggest market. Chancellor Angela Merkel’s government is targeting as many as 10 million electric cars on German roads by 2030 to help achieve carbon-reduction targets.To contact the reporter on this story: Brian Parkin in Berlin at firstname.lastname@example.orgTo contact the editors responsible for this story: Reed Landberg at email@example.com, Chris Reiter, Iain RogersFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
U.S. and Chinese trade negotiators are reportedly planning for a delay in tariffs due to take effect on Sunday, while Democratic lawmakers reached an agreement with the Trump administration to support a trade deal with Mexico and Canada. House Democrats also announced two articles of impeachment against President Donald Trump. The Wall Street Journal reported today that U.S. and Chinese trade negotiators are laying the groundwork to delay a fresh round of tariffs on $165 billion worth of Chinese imports set to kick in on Dec. 15.
The United States Mexico Canada Trade Agreement is similar to the North American Free Trade Agreement, or Nafta, with a few important changes.
Japanese automaker Toyota Motor Corp (NYSE: TM ) is speeding up efforts to launch its first battery-operated Lexus vehicles by 2020, according to The Nikkei Asian Review . The luxury vehicle division ...