Tesla is weeks away from hitting 7,000-Model 3’s-per-week production milestone

Tesla Inc. CEO Elon Musk is pushing his factory workers in Fremont to consistently produce 7,000 Model 3 sedans per week by the end of November, according to an internal email obtained by Electrek. Musk said he planned to walk the entire Model 3 production line on Nov. 27 and …

Robyn Denholm replaces Elon Musk as Tesla’s board chair

On Wednesday night, Tesla announced Robyn Denholm has taken Elon Musk’s place as chair of the company’s board. She will also be leaving her role as CFO and Head of Strategy at Telstra, Australia’s largest telecommunications company, after a six-month notice period there, to focus on her work as Tesla …

RED WAVE, BLUE WAVE: What could happen to markets if Republicans win big or lose big on Tuesday

The midterm elections Tuesday have huge stakes not only for the future of health care, taxes and immigration, but also for the U.S. economy and investors. Polls and forecasters suggest Democrats have a good chance of taking control of the House, while Republicans are favored to keep a slim majority …

Hedge Fund Three Bays to Close After Poor Performance

Hedge fund Three Bays Capital plans to shutter after years of weak performance, according to people with knowledge of the matter. The company, which was started in 2013 by former Highfields Capital Management money manager Matthew Sidman, will return capital to investors on Dec. 1, said one of the people, …

Tesla’s new auto-parking feature to be ready in 6 weeks, Elon Musk says

An upgrade to Tesla’s ‘Summon’ auto-parking feature will be ready within six weeks and will allow its vehicles to drive around a parking lot, find an empty spot and read parking signs, Chief Executive Elon Musk said on Thursday. The upgrade will be compatible in all Tesla cars made in …

Wall Street pros warn we may be experiencing ‘peak earnings’

Seeking a scapegoat for October’s stock market convulsions? Try the dark cloud looming on the horizon known as peak earnings growth. With profit growth poised to slow sharply in 2019 for a number of reasons – chief among them less of a jolt from the Trump tax cuts – the …

Investors weigh whether to ditch stocks for bonds as yields finally offer an alternative

Farewell, TINA? TINA is the acronym for “there is no alternative,” a market mantra that reflected the frustration of investors who saw no alternative to stocks in a post-financial crisis world dominated by ultralow government bond yields as the Federal Reserve and other global central banks embarked on asset-buying programs …

Tesla buys new plot for its first China factory

Tesla successfully acquired an 864,885-square meter plot in Shanghai’s Lingang area for the electric car maker’s new factory, according to an announcement from Lingang Wednesday afternoon. No price was immediately disclosed. Plans for the wholly-owned factory were first announced in July. Lingang is located on the coast, about 47 miles …

Jeff Bezos predicts we’ll have 1 trillion humans in the solar system, and Blue Origin wants to help get us there

Blue Origin founder and Amazon CEO Jeff Bezos predicts we’ll have 1 trillion humans in the solar system one day — and he laid out Monday how the rocket company plans to help get there. “I won’t be alive to see the fulfillment of that long-term mission,” Bezos said at …

A red flashing light in the housing market could spell trouble for the economy

The U.S. economy is growing at a healthy pace, the labor market is its tightest in years and consumer confidence hasn’t been this high since 2000. But one warning sign of trouble could be flashing in the housing market, according to forecaster Lakshman Achuthan. “Our leading home price index has …