People look at a Tesla car in Shanghai, 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.
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.
Tesla CEO Elon Musk's grim forecast of humanity suggests that a "population bomb" would lead to a worldwide collapse in humans in the coming decades and everybody would start to see the evident effects by 2050.
Just as SpaceX CEO Elon Musk prepared for the "most difficult launch" of his rocket company with Falcon Heavy rocket, the space-enthusiast changed his display picture on Twitter from an alcoholic monkey to that of an astronaut sipping hot coffee on Mars.
The benchmark Nikkei 225 index gave up 0.39 percent or 88.21 points to 22,329.94, but made a weekly gain of 2.86 percent, driven up by robust US shares.The broader Topix index lost 0.20 percent or 3.14 points to 1,546.74, but advanced 3.39 percent over the week.
The blue-chip FTSE 100 was down 0.1%, The mid-cap FTSE 250 dipped 0.3%, with losses in industrial, energy and tech-related stocks.
US West Texas Intermediate (WTI) crude futures slipped 17 cents, or 0.41%, to $41.78 a barrel by 0651 GMT, while Brent crude fell 17 cents, or 0.38%, to $44.92. Both contracts had traded higher earlier in the day.
Global equity markets slipped and bond yields fell on Thursday as investors awaited an agreement on a US aid package to mitigate the fallout from the coronavirus crisis, with poor corporate earnings reports also weighing on European shares.