When will Tesla resume production in Shanghai?

Published

2 years ago

April 4, 2022

There was hopes that Tesla’s production at its Shanghai factory will kick start on Monday, but not anymore.

The company has notified workers and suppliers that production will continue to be paused

This is according to the U.S automaker’s notice to employees, which did not elaborate on the reasons or say when the company expected activity to resume.

This follows the lockdown Shanghai imposed to combat a surge in COVID-19 cases.

The current stoppage marks one of the longest suspensions since the factory started production in late 2019.

This comes as Tesla seeks investor approval to increase its number of shares to enable a stock split in the form of a dividend.

Following a pandemic-induced rally in the technology shares, Google, Amazon and Apple have also split their shares to make them more affordable

Why the meme-stock frenzy is unlikely to repeat

Published

2 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

2 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

3 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending