A Tesla Model 3 car at the Shanghai Auto Show in China. Agence France-Presse
Panasonic Corporation and Tesla will continue to make new investment in the US electric carmaker’s Gigafactory as needed, but believe they can squeeze more out of existing resources than previously planned, Tesla said. Separately, Panasonic said it was watching the demand situation in the electric car market before making any further investments in expanding the capacity of the Nevada plant.
Shares of Tesla fell after news website Electrek reported that the electric-car maker has so far delivered 49,000 vehicles in North America during the second quarter, threatening its goal of a new record.
Carrying on with what seems to be his 'wild Tweet week', multi-billionaire entrepreneur Elon Musk has replaced his profile picture on Twitter with that of an alcoholic monkey.
Hong Kong’s political unrest is posing a dilemma for Alibaba Group Holding on the timing of its planned $15 billion listing in the city, with sources saying China’s biggest e-commerce company is now considering different dates.
Mexico’s central bank (CB) has hinted that further monetary policy easing could be on the way. The bank cut its key lending rate on Thursday for the first time since June 2014, citing slowing inflation and increasing slack in the economy.
Global stock markets rose on Friday as investors put economic growth fears and trade jitters to one side, deciding that they had had enough drama and losses for one week.
Goldman Sachs India Securities said India has already attracted $13 billion net foriegn funds so far this year and expects the trend to continue. “India has already attracted net capital inflows of about $13 billion so far this year which contrasts