Tesla cars at the Shanghai Auto Show in China. Reuters
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.
India’s foreign exchange reserves rose by $2.48 billion during the week ended Nov.29, official data showed. According to the Reserve Bank of India’s weekly statistical supplement,
The federal government has decided to establish border markets in the border areas with Afghanistan and Iran. In this regard, the premier has tasked the commerce ministry to complete necessary requirements
Luxury jeweller Tiffany & Co, which is being bought by Louis Vuitton owner LVMH, missed market expectations for quarterly profit and sales, hit by lower spending by foreign tourists in the United States and Hong Kong.