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

Money

Tesla sales boom in China

Published

on

Tesla has seen registrations of its Chinese-made cars climb again

Registrations of Model 3 Sedans and Model Y SUVs made at Tesla’s Shanghai factory totaled 28,508 units in June – a 29 percent increase from May.

The strong showing for Model 3 Sedans can be attributed to Tesla promotions that included preferential loans and discounts for full upfront payments.

Tesla continuing to fix software glitches

Tesla has faced challenges in China in recent months, including a major recall for a software fix and some negative publicity after a protester climbed on one of its vehicles at the Shanghai Auto Show in April and claimed a brake failure in a Model 3 had caused a crash.

Data from China’s Passenger Car Association revealed earlier this month showed that retail sales of electric vehicles were at about 1 million for the first half of the year.

Tesla registrations, including a handful that were imported, totaled 132,228 in that period

Tesla has introduced a cheaper version of its locally-built Model Y sports utility to boost sales in the world’s largest auto market in the second half.

Tesla has faced challenges in China in recent months, including a major recall for a software fix…

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Money

Australian Dollar surges: What $0.70 means for markets

Australian dollar surges 5% to $0.70, impacting importers, exporters, and big miners amid rising interest rates.

Published

on

Australian dollar surges 5% to $0.70, impacting importers, exporters, and big miners amid rising interest rates.


The Australian dollar has jumped more than 5 percent against the U.S. dollar this year, now trading around $0.70. This rapid rise has sparked mixed reactions for importers and exporters as Australia’s materials sector shows signs of bouncing back, despite concerns over rising interest rates.

Dale Gilham from Wealth Within breaks down the factors behind the AUD surge, the implications for commodities, and what it means for big miners like BHP. From profits to strategy, we explore how the market is reacting to this currency shift.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#AustralianDollar #AUD #Forex #Investing #Commodities #BHP #Mining #Markets


Download the Ticker app

Continue Reading

Money

S&P 500 rises as financial stocks lead and tech slips

S&P 500 rises 0.4% thanks to financial stocks; software struggles amidst AI concerns. Subscribe for updates!

Published

on

S&P 500 rises 0.4% thanks to financial stocks; software struggles amidst AI concerns. Subscribe for updates!


The S&P 500 climbed 0.4% on Tuesday, boosted by strong gains in financial stocks. Citigroup and JPMorgan led the rally, showing investors are rotating money into the sector as tech stocks faltered.

Meanwhile, software shares struggled, with ServiceNow, Autodesk, and Palo Alto Networks all seeing notable declines. Concerns around AI disruption continue to affect the software and financial sectors alike.

Market watchers are now turning their attention to upcoming inflation reports later this week, looking for signals that could shape the next moves in the market.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker


Download the Ticker app

Continue Reading

Money

Australia’s GST debate heats up amid tax reform push

Australia debates GST expansion amid aging population pressures and personal income tax concerns; expert insights from Dr. Steven Enticott.

Published

on

Australia debates GST expansion amid aging population pressures and personal income tax concerns; expert insights from Dr. Steven Enticott.


Australia is facing a fierce debate over tax reform, with fresh calls to broaden the Goods and Services Tax as the government searches for more stable revenue streams. With an ageing population putting pressure on health, pensions and long-term spending, economists argue the current reliance on personal income tax may not be sustainable.

Dr Steven Enticott from CIA Tax joins Ticker to break down the real impact of expanding the GST, including how it could affect lower-income households, whether taxing unrealised gains would change investor behaviour, and what compensation mechanisms could soften the blow on essential goods. The political risks are high, but so are the fiscal stakes.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker


Download the Ticker app

Continue Reading

Trending Now