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Even Elon Musk is worried about EV sales

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Tesla Inc. reported a decline in its earnings for the third quarter (Q3) as the electric carmaker struggled to maintain profitability amidst aggressive price cuts.

 
Despite lowering prices on some of its popular models, including the Model 3 and Model Y, the company faced challenges in boosting its sales figures.

In Q3 2023, Tesla’s net earnings dropped by 15%, marking the second consecutive quarter of decline.

The price reductions, aimed at making electric vehicles more affordable for consumers, squeezed the company’s profit margins. However, these discounts failed to stimulate significant growth in sales volume, indicating possible market saturation.

Tesla’s Chief Financial Officer expressed optimism about the company’s long-term prospects, highlighting ongoing investments in manufacturing capacity and research and development.

Nevertheless, analysts remain concerned about the immediate profitability outlook.

Key factors contributing to Tesla’s Q3 performance included supply chain disruptions, ongoing chip shortages, and increased competition in the electric vehicle market.

These challenges may continue to impact the company’s future earnings. #featured

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Ultra-processed diets could be the hidden path to weight gain

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Understanding calories and their role in dieting on the human body.

Calories, units of energy from food, are vital for bodily functions, and calorie counting helps manage weight by tracking energy intake. However, recent insights reveal that not all calories are equal, and nutritional quality is crucial.

Processed foods, rich in added sugars, unhealthy fats, and sodium, lack essential nutrients, contributing to obesity and diseases.

Kate Save from BeFitFood joins to discuss.

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Online shopping and the pivotal issue of returns continues

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Big businesses are continuing to balance customer expectations and logistics.

While many love the convenience, there are still significant challenges with delivery and returns. From delayed packages to cumbersome return processes, its clear that there’s room for improvement.

Ticker’s Ahron Young & Mike Loder discuss.

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U.S. joins Europeans to censure Iran at UN watchdog

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Global concerns are growing over Iran’s nuclear activities.

In a rare move, the U.S. joined European allies in censuring Iran at the UN nuclear watchdog, citing Iran’s lack of cooperation with nuclear inspectors.

This decision underscores growing concerns over Iran’s nuclear activities and signals a unified stance among Western nations.

Despite fears of further escalation, the U.S. supported the resolution to pressure Iran into compliance with international nuclear agreements.

Andrew Ghalili, Senior Policy Analyst, with the National Union for Democracy in Iran (NUFDI) joins Veronica Dudo to discuss.

#IN AMERICA TODAY #trending #Iran #nuclear

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