Tesla's chief of engineering Doug Field has stepped down, making his extended leave of absence more permanent. He had been at the electric car manufacturer for over five years, and was also a senior vice president at the firm. In May, Tesla's chief executive Elon Musk reassured the public that Field's leave of absence in the run-up to a management reshuffle was only temporary, while he took some time off to "recharge and spend time with his family". A spokesperson for Tesla issued a statement to the press in an email late last night: After almost five years at Tesla, Doug Field is moving on. We’d like to thank Doug for his hard work over the years and for everything he has done for Tesla. The news comes as Tesla announced that it had met its 5,000 cars per week production target for the Model 3 sedan, despite workers saying it had missed the deadline by a few hours. The company said it had delivered 5,031 cars in the final week of its second quarter by scheduling employees to … [Read more...] about Tesla’s chief of engineering has stepped down, as the company fails to impress Wall Street after hitting its Model 3 production target
Wall street
Wall Street Gets the Friendlier Fed It’s Been Waiting For
Federal Reserve officials called executives at Goldman Sachs Group Inc. and Morgan Stanley 10 days ago with an unusual offer. The two Wall Street titans had flunked a portion of the Fed’s stress test, which simulates an economic crisis. Passing would require cutting almost in half the combined $16 billion they had hoped to pay out to shareholders, according to people familiar with conversations between the Fed and both banks. But... … [Read more...] about Wall Street Gets the Friendlier Fed It’s Been Waiting For
The Wall Street Journal: GM Says Tariffs on Auto Imports Could Hurt Its Business, Drive Up Car Prices
Picture: AFP Washington. General Motors Co. warned the Trump administration that tariffs on vehicle imports would hurt its competitiveness, cost U.S. jobs and result in “a smaller GM”, The Wall Street Journal writes. In comments submitted to the U.S. Commerce Department on Friday, the nation’s largest auto maker by sales said tariffs the administration has proposed for auto imports would raise its costs and eventually lead to higher prices for consumers. In turn, that likely would dent car demand, which could lead to job losses at auto makers and parts suppliers, GM said. Other major auto makers joined GM in comments to the department, including Toyota Motor Co. TM -0.22% , which warned that auto tariffs “would have a negative impact on all manufacturers,” increasing the cost not only of imported vehicles, but also U.S.-built cars that use foreign-sourced parts. The White House in May asked the Commerce Department to investigate whether tariffs of … [Read more...] about The Wall Street Journal: GM Says Tariffs on Auto Imports Could Hurt Its Business, Drive Up Car Prices
Wall Street Analyst Explains How Trump-Putin Summit May Ease Tensions in Europe
The Wall Street analyst underscored that "for the United States, a path towards normal bilateral relations with Russia might usher in a period never seen before, where we might learn to cooperate to mutual advantage economically (investing and trading) and addressing challenges including on the Korean Peninsula, in Afghanistan, and across the Middle East." CC BY 2.0 / Wikileaks Mobile Information Collection Unit / Wikileaks TruckPlot Thickens: Analyst Explains Why Comey Meddled in Assange-DOJ TalksAdditionally, the summit may bear positive fruits for both Europe and NATO: "A verifiable thaw in tensions between the two Superpowers opens possibilities to redeploy funds," Ortel noted, explaining that "reduced military threats might then expand interest in investment projects and in trade." As for Russia, "'clearing the air' with the United States concerning mutual conduct since 1992, presents realistic … [Read more...] about Wall Street Analyst Explains How Trump-Putin Summit May Ease Tensions in Europe
Move over Wall Street wolves, women are winning investment’s battle of the sexes
Anyone with even a passing knowledge of the stock market could be forgiven for thinking that it is a strident, bullish, and dare I say masculine environment. Think of images of trading floors – there’s rarely a woman in sight – or of Leonardo DiCaprio in The Wolf of Wall Street and Damian Lewis in Billions. This perception is probably one of the reasons why I, in my job of educating people about investing, still come up against the view that “investing isn’t for women”. However, the reality is quite different. In fact, new research reveals that the women who do invest tend to outperform their male counterparts. Read more: Research suggests that women are leading the market for crypto investment We tracked the performance of 2,800 customers of Barclays’ Smart Investor trading platform over a three-year period, and found that female investors achieved average annual returns on their investment portfolios that were 1.8 per cent higher than the … [Read more...] about Move over Wall Street wolves, women are winning investment’s battle of the sexes