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Tesla smashes first quarter expectations

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Electric car maker Tesla has had a big start to 2022

Despite supply chain challenges, EV giant, Tesla has delivered a record number of its cars in the first quarter.

Tesla delivered more than 310,000 new vehicles within the first three months of this year.

Tesla’s total deliveries are almost 70% higher than this time last year.

The company’s boss Elon Musk says the improvement came despite an “extremely difficult quarter”, including strict coronavirus policies in China, where Tesla has a so-called ‘giga factory’.

Musk says record deliveries of Tesla EVs made in first quarter of 2022.

Suspension of Tesla’s Shanghai factory operations

Tesla’s Shanghai factory will remain closed as the city deals with strict lockdown measures brought on by an uptick in COVID-19 cases.

According to an internal document obtained by Bloomberg, Tesla reportedly told employees on Sunday to stay home to comply with the city’s current coronavirus restrictions.

A previous report from ticker NEWS affiliate network, Reuters, Tesla would resume production at the Shanghai plant on Monday, April 4th, as some stay-at-home orders were expected to end.

Anthony Lucas is reporter, presenter and social media producer with ticker News. Anthony holds a Bachelor of Professional Communication, with a major in Journalism from RMIT University as well as a Diploma of Arts and Entertainment journalism from Collarts. He’s previously worked for 9 News, ONE FM Radio and Southern Cross Austerio’s Hit Radio Network. 

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China’s shadow banking sector under the microscope

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How will China’s investigation into Zhongzhi Enterprise Group impact the shadow banking industry and the nation’s financial stability?

 
China has launched an investigation into the Zhongzhi Enterprise Group, a major shadow bank, over alleged financial crimes.

Authorities are scrutinizing the group’s operations amid concerns about illicit activities that may have repercussions on the country’s financial stability. #featured

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Shoppers angered at major U.S. retailer’s “unchanged” Black Friday sales

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Target in the United States has come under scrutiny for offering identical prices in its ‘Black Friday deals’ as those available throughout the year.

Shoppers are left perplexed by the lack of discounts, with many questioning the authenticity of the so-called Black Friday bargains.

Concerns arose when savvy consumers noticed that the prices of various products in Target’s Black Friday promotion were the same as those listed in previous months.

Shoppers took to social media to voice their frustrations, with one customer stating, “It’s the same, I don’t get it.” This revelation has raised questions about the transparency and ethics of retailers during the holiday shopping season.

While Black Friday traditionally marks the start of the holiday shopping frenzy, with retailers offering significant discounts to entice shoppers, Target’s decision to maintain regular prices has left shoppers wondering if they are truly getting a deal.

This has led to a broader discussion about the consumer experience during Black Friday and whether the shopping event has lost its original appeal.

With the rise of online shopping and increased competition among retailers, consumers are more price-conscious than ever.

Target’s pricing strategy has ignited a debate about the future of Black Friday and whether it can continue to attract shoppers with unchanged prices. As the holiday season unfolds, consumers are left to decide whether to seek out genuine deals or shop elsewhere.

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Remote workers shoulder rising job-related costs

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As the global workforce continues to adapt to the remote work revolution, a new concern is emerging among employees – the increasing burden of work-related expenses.