Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Tesla results reveal a dark cloud hanging over the automotive industry

Published

on

Tesla results could be an indication of troubling times ahead

Tesla results are are out, with the EV maker releasing its vehicle production and delivery numbers for quarter three.

The EV company announced lower-than-expected electric vehicle deliveries, with the company placing the blame on logistical challenges.

Tesla said “it is becoming increasingly challenging to secure vehicle transportation capacity and at a reasonable cost.” But analysts also have concerns about the demand for high-ticket items at a time when the global economy is weakening.

In quarter three, Tesla managed to deliver 343,830 electric vehicles. This is a record for the automaker, but falls short of the 359,162 estimate.

Meanwhile, total production reached 365,923 vehicles. A number greater than vehicles actually delivered to customers.

On Sunday, Tesla CEO Elon Musk said “smoothing out crazy end of quarter delivery wave to reduce expedite costs & relieve stress on Tesla team.”

It comes as Musk unveiled a prototype of the humanoid robot ‘Optimus.’  Musk predicts his company will be able to produce millions and sell them for under $20,000 USD.

Reviews of the new prototype were largely positive, but many agree with Musk who said “there’s still a lot of work to be done to refine Optimus and prove it.”

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

Continue Reading

Money

Six strategies to build a six-figure property portfolio

Published

on

Achieve your dream retirement with these key property investment approaches

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

In this episode, Andrew is joined by Moxin Reza, Director of Invest0r Partner Group.

Continue Reading

Money

Experts reveal how to spot investment-grade properties

Published

on

Crucial tips for choosing the right property to secure long-term financial success

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

In this episode, Andrew is joined by Moxin Reza, Director of Investor Partner Group.

Continue Reading

Money

Tricks of the trade: how to navigate market volatility with confidence

Published

on

Strategies to manage risk and seize opportunities in uncertain times

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

Continue Reading

Trending Now