Hints and tips:
...The action affects Tesla’s models 3, S, X and Y, as well as its Cybertruck. Tesla has begun rolling out a software update, the federal regulator said on Thursday....
...The slowdown has sent Tesla’s shares down 31 per cent this year, making it the second-worst performer on the S&P 500....
...Nasdaq 100 futures are up 2 per cent at pixel time, with Nvidia gaining an entire HSBC in value overnight....
...The software update on 2.2mn vehicles covers Tesla’s 3, S, X and Y models and its new Cybertruck, almost every car the company has ever sold in the US, and was ordered because warning lights on the instrument...
...Is the y-o-10y comparison flattering? We’re not sure, but in our short-term focused business culture, at least they’re comfortable talking about the future....
...“[Experienced forecasters] will ask themselves, ‘will inflation be below a level X by date Y?’ They’ll immediately think about different date Y’s. And they’ll also think about different level X’s....
...The S&P 500 rose 2 per cent and the rate-sensitive small-cap Russell 2000 popped 5 per cent. Futures markets now see no chance of any further rate rises....
...Below is a very simple net present value analysis of two imaginary companies, one growth-y, one value-y....
...The unit recorded sales of ¥185bn, not including subsidies, compared with ¥2.1tn for the entire group....
...Just 137 VinFast EVs have been registered in the US as of June, according to S&P Global Mobility data. The company was forced to recall its electric SUVs in the US in May....
...Moving the above chart’s Y-axis on to a log scale better reveals some interesting long-term hitters: Clearly, the data here is heavily flawed....
...More than a decade has passed since the Tesla Model S first rolled off the production line....
...US exporters have signed contracts for future supply amounting to more than 70mn t/y since the start of 2021, according to S&P Global....
...But they cautioned that applying a single indice to the headline figure did not account for the differing inflation pressures on HS2’s various input costs....
...Bear positions have almost tripled since the start of the year, according to S&P Global Market Intelligence....
...Margaret Thatcher 2. Winston Churchill (while his full name does not have two “t”s, his last name does) 3. Tony Blair 4....
...Tesla raised prices on the Model S and X in the US by $2,500 on Thursday, partly reversing a larger cut made earlier in the month....
...Since it launched the Model S in 2012, Tesla sales have been of sedans and SUVs. But pick-ups take it into the industry’s real gold mine....
...Chief executive Sue Y....
...The fact that it’s actually taken in a net $2.4bn of capital since inception and incinerated half a yard of it already is certainly very meme-y....
...The Gaines family bought their Model Y last month after an abortive attempt to purchase a Ford Mustang Mach-E....
...On the sporting front, the Milan-San Remo race will kick off what’s set to be a thrilling cycling season and bring some of the world’s best riders to town, while our eyes will certainly be on Formula 1’s...
...Despite the downturn, tech remains more highly valued on a forward p/e basis than any other sector in the S&P 500. SVB’s interest rate risk was a double whammy....
...The Wall Street Journal has done an interesting vibes-y piece about this here....
...Finance pundits with Y chromosomes mostly become grouchy in old age. Some start earlier. When I hired Robert Armstrong on to Lex a decade and a half ago, he was already, like me, a cynic about markets....
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