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Tesla is starting to export made-in-China Model 3 to Europe – Electrek.co

Tesla is starting to export made-in-China Model 3 vehicles to Europe – something the automaker originally said it didn’t plan to do. When Tesla started building…

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Tesla is starting to export made-in-China Model 3 vehicles to Europe – something the automaker originally said it didn’t plan to do.
When Tesla started building its Gigafactory in Shanghai, in an attempt to reassure people that the automaker wasnt just shifting production capacity to China, CEO Elon Musk was adamant that it was to supply local demand in China and not to export to other markets.
The optics were very important since the factory was announced amid the peak of the trade war betwee…

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Stock Market Rallies Amid Stimulus News; PayPal, Tesla Near New Buy Points – Investor’s Business Daily

The stock market reversed higher amid stimulus news Thursday. Chipotle Mexican Grill, PayPal and Tesla are approaching new buy points.

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Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the stocks they discuss. The information and content are subject to change without notice.
*Real-time prices by Nasdaq Last Sale. Realtime quote and/or trade prices are…

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Meet NextEra, America’s most valuable energy firm – The Economist

The clean-energy utility has surpassed ExxonMobil in market capitalisaion—and shows no signs of slowing

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TO MANY INVESTORS, backing an American oil company looks only slightly shrewder than stuffing cash in a blender. Facing covid-19 and old concerns over low returns, the industry is scrambling to boost efficiency. On October 19th ConocoPhillips said it would pay $9.7bn for Concho Resources, a Texan fracking firm. The next day two other frackers, Pioneer Natural Resources and Parsley Energy, announced a $4.5bn tie-up. Across the sector, oilmen are vowing to put profits before growth. How about a firm…

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Intel stock plunges 10% after earnings show bigger sales drop than expected – MarketWatch

Intel profit drops more than 28%, revenue declines more than 4% and misses expectations as server sales dive 7%

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Intel Corp. revenue sank more than expected in the third quarter as the companys sales of server chips suffered, sending shares down 10% in after-hours trading Thursday.Intel
INTC,
+0.74%
reported a decline in profit and revenue from the previous year, while slightly raising its full-year forecast but missing expectations for its fourth-quarter sales outlook. Shares dropped to less than $49 in after-hours action immediately following the report, after closing the regular session with a 0.8% gain…

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