No Picture
Trading Ideas

Tesla Deliveries Rise to Record as Car Buyers Rush for Subsidies

(Bloomberg) — Tesla Inc. delivered a record 112,000 cars in the final three months of 2019, as buyers rushed to take advantage of subsidies being dialed back or eliminated altogether in three key markets this year.The electric-vehicle maker handed over 92,550 Model 3 and 19,450 Model S and Model X electric vehicles in the fourth quarter, according to a statement, eclipsing its previous total best of 97,000 set in the prior three months. Tesla delivered 367,500 vehicles total in all of 2019, topping the low end of its forecast for at least 360,000.The results add to the momentum Chief Executive …read more […]

No Picture
Trading Ideas

Tesla meets low end of 2019 goal for vehicle deliveries

Tesla said it delivered 112,000 vehicles in the fourth quarter, including 92,550 Model 3 sedans and 19,450 Model S/X SUVs, which was above expectations of 104,960 vehicles, according to IBES data from Refinitiv. Tesla delivered 92,550 Model 3s in the quarter, beating analysts’ average estimates of 85,488, according to IBES data from Refinitiv. The Model 3 is Tesla’s most affordable car, with lower-range versions available starting at $35,000. …read more […]

No Picture
Trading Ideas

Former Sequoia Partner Wins Extortion Suit Against Ex-Mistress

(Bloomberg) — A salacious three-year legal battle involving a former partner at Sequoia Capital, a onetime exotic dancer and a promised $40 million hush money payment has come to an end.A California Superior Court judge ruled in favor of venture capitalist Michael Goguen, finding his former mistress Amber Laurel Baptiste committed fraud and extortion when she threatened to publicize a false claim that he gave her a sexually transmitted infection. The judge ordered Baptiste to pay back the full $10.25 million she got from Goguen. After a three-day trial that Baptiste didn’t attend, the court also approved a restraining order …read more […]

No Picture
Trading Ideas

Good Riddance to Qassem Soleimani

(Bloomberg Opinion) — Qassem Soleimani was never going to die peacefully in his bed. As leader of the Quds Force of the Iranian Revolutionary Guard Corps, and puppet-master of militias and terrorist groups across the Middle East, he had the blood of hundreds of thousands on his hands: Syrians, Iraqis, Yemenis, Lebanese, Palestinians, Israelis, Americans and fellow-Iranians, among others. His death was hoped for and prayed for by the families of his victims, and plotted by their governments.It is a measure of Soleimani’s brashness that he nonetheless strutted around Baghdad in the company of other wanted mass killers, whose faces, …read more […]

No Picture
Trading Ideas

Oil price jumps on fear of Iranian retaliation against US

The price of oil surged Friday on concerns that Iran might respond to the killing of its top general by the United States by disrupting global supplies of energy from the Middle East. News that Gen. Qassem Soleimani, head of Iran’s elite Quds Force, was killed in an air attack at the Baghdad international airport prompted expectations of Iranian retaliation against U.S. and Israeli targets. Amid past flare-ups with the U.S., Iran threatened the supply of oil that travels from the Persian Gulf to the rest of the world. …read more […]