Tesla's future
Analyst: Musk's Tesla narrative determines value
Tesla misses profit expectations for the fourth quarter in a row, according to Bloomberg, but shows slightly higher sales than expected in the second quarter.
The company expects that volumes in electric car manufacturing will grow more slowly this year than last year. The plans for the low-cost models remain and are expected to begin production in the first half of 2025, to some extent along the same production lines as previous models.
"It will lead to a smaller cost reduction than previous estimates," the report states.
The stock retreats around 3 percent in after-market trading.
*****************
The election in the USA The electoral movement
Economist: Trump could be a strain on Sweden
If Donald Trump wins the presidential election and steers the US in a protectionist direction with trade tariffs and also takes control of the Federal Reserve, it could have major consequences for the Swedish economy. Economist Klas Eklund thinks so.
"Best to fasten your seat belt", he writes in a post on DN Debatt.
The central point is that Trump's economic reforms can lead to major turbulence in the interest rate and currency markets.
"The Swedish economy can therefore be exposed to serious strains from a new American administration", writes Eklund.
****************
Summer Olympic Games in Paris
Over a quarter of a million unwanted Olympic tickets are for sale
The number of Olympic tickets for sale on the official secondary market has surged from around 180,000 a month ago to 271,637 on Tuesday. This is evident from the Financial Times analysis. It mainly concerns the more expensive tickets that were sold in a first release.
In addition to these, hundreds of thousands of regular tickets are still available. The apparent lack of demand means that concerns about half-full stands during the Summer Games in Paris are now spreading.
At the same time, it is not unusual that the tickets for gigantic events such as the Olympics or the football World Cup do not sell out. The day before the opening of the 2016 Summer Olympics in Rio de Janeiro, over 1 million tickets were still available.
****************
Economy
The EU is investigating Foodora's owner for competition violations
The Swedish-led food delivery company Delivery Hero, which, among other things, owns Foodora, is being investigated by the European Commission for suspected competition violations. That's what TT writes.
In July, the company announced that it risks fines of up to 400 million euros, corresponding to 4.7 billion kroner, and has therefore reserved the same amount.
Inga kommentarer:
Skicka en kommentar