Tesla's future
Tesla misses expectations – makes first loss in ten years
Tesla's sales decreased last year for the first time in a decade, writes CNBC after the electric car giant presented its figures for the fourth quarter.
A total of 1,789,226 cars were delivered throughout 2024, 1.1 percent fewer than in 2023.
The sales figures for the fourth quarter were 495,570 cars, which means that the company misses the full-year forecast. Analysts' expectations were just over 512,000 deliveries, writes Bloomberg.
The stock is down just over 5 percent in initial trading.
Tesla misses expectations – makes first loss in ten years
Tesla's sales decreased last year for the first time in a decade, writes CNBC after the electric car giant presented its figures for the fourth quarter.
A total of 1,789,226 cars were delivered throughout 2024, 1.1 percent fewer than in 2023.
The sales figures for the fourth quarter were 495,570 cars, which means that the company misses the full-year forecast. Analysts' expectations were just over 512,000 deliveries, writes Bloomberg.
The stock is down just over 5 percent in initial trading.
The development of electric cars
Norway close to the goal: Nine out of ten cars sold were electric
During the past year, 88.9 percent of all cars sold in Norway were completely electric. No other country in the world has a share that is close, reports Norwegian TV2.
In 2023, the share was 82.4 percent. Despite the increase, it may be difficult to reach the 2025 target of all new passenger cars being net zero emissions.
“It is crucial to maintain the incentives that provide benefits for the purchase of electric cars if the government and the Storting are to achieve their goal,” says Øyvind Solberg Thorsen, who heads an interest organization for road traffic.
With a market share of 18.9 percent, Tesla was clearly number one during the year.
Swedish inflation
Food companies deny responsibility for inflation: “Unfounded claims”
Food companies accuse Deputy Governor of the Riksbank Per Jansson of making “unfounded claims” about how they affect inflation, writes SvD Näringsliv.
This after it became known that Jansson at the monetary policy meeting in November warned them against using "aggressive" pricing and that they lacked understanding of the effects.
The warning came shortly after a debate article from, among others, Carl Eckerdal, chief economist at the industry and employer organization Livsmedelsföretagen, in which they asked the Riksbank three questions: How much profit is acceptable, who should pay for the industry's increased costs, and how does the Riksbank believe that unjustified increases have occurred?
The questions remain unanswered, according to Eckerdal, who in an email to SvD on Thursday writes that Jansson is instead making "yet another unfounded claim."
The port strike in the US
US port workers ready to strike again
The largest ports in the US from Maine in the top northeast to Texas in the south are threatened by a new strike, several media outlets report.
The dissatisfaction continues to concern the port owners' plans to automate parts of the work. New discussions between the union and the ports are now expected, with an end date in mid-January, according to Bloomberg.
The last time the port workers went on strike was in October. The strike was called off after three days when the union negotiated wage increases, but the issue of automation was never resolved.
Expensive watch becomes more expensive – Rolex costs half a million
Rolex is raising the prices of several of its watch models, some by as much as 8 percent, according to Bloomberg's review.
The Day-Date and GMT-Master II models will be more than 3,000 euros more expensive. They now cost 44,200 and 44,600 euros, respectively, which is equivalent to just over 500,000 kronor.
Rolex usually raises prices once a year, usually at the turn of the year. This is usually explained by rising inflation and raw material prices. In 2024, for example, the price of gold rose by 27 percent.
Rolex has not commented on the price increase.
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Food companies deny responsibility for inflation: “Unfounded claims”
Food companies accuse Deputy Governor of the Riksbank Per Jansson of making “unfounded claims” about how they affect inflation, writes SvD Näringsliv.
This after it became known that Jansson at the monetary policy meeting in November warned them against using "aggressive" pricing and that they lacked understanding of the effects.
The warning came shortly after a debate article from, among others, Carl Eckerdal, chief economist at the industry and employer organization Livsmedelsföretagen, in which they asked the Riksbank three questions: How much profit is acceptable, who should pay for the industry's increased costs, and how does the Riksbank believe that unjustified increases have occurred?
The questions remain unanswered, according to Eckerdal, who in an email to SvD on Thursday writes that Jansson is instead making "yet another unfounded claim."
The port strike in the US
US port workers ready to strike again
The largest ports in the US from Maine in the top northeast to Texas in the south are threatened by a new strike, several media outlets report.
The dissatisfaction continues to concern the port owners' plans to automate parts of the work. New discussions between the union and the ports are now expected, with an end date in mid-January, according to Bloomberg.
The last time the port workers went on strike was in October. The strike was called off after three days when the union negotiated wage increases, but the issue of automation was never resolved.
Expensive watch becomes more expensive – Rolex costs half a million
Rolex is raising the prices of several of its watch models, some by as much as 8 percent, according to Bloomberg's review.
The Day-Date and GMT-Master II models will be more than 3,000 euros more expensive. They now cost 44,200 and 44,600 euros, respectively, which is equivalent to just over 500,000 kronor.
Rolex usually raises prices once a year, usually at the turn of the year. This is usually explained by rising inflation and raw material prices. In 2024, for example, the price of gold rose by 27 percent.
Rolex has not commented on the price increase.
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