Indian exporters are facing challenges as costs surge due to Houthi attacks on shipping in the Red Sea, resulting in a significant rise in cargo insurance.. IndiaTimes
Vice Admiral Dinesh K Tripathi has been appointed as the next Navy chief, succeeding Admiral R Hari Kumar. With a distinguished career spanning various command.. IndiaTimes
Tesla Sales Drop , More Than Expected.
The automaker has posted its first yearly drop in sales since the onset of the pandemic, CNN reports. .
The company reportedly built
433,000 units but only delivered 387,000.
That's significantly less than the 484,507 vehicles
it delivered in the last three months of 2023.
Tesla shares fell 5% on April 1. .
Tesla partially attributed the sales
drop to increased production of the
updated Model 3 at its factory in Fremont.
The company also cited factory shutdowns caused by ships being diverted from the Red Sea because of attacks by Iran-backed Houthi militants, CNN reports.
The company also cited factory shutdowns caused by ships being diverted from the Red Sea because of attacks by Iran-backed Houthi militants, CNN reports.
Additionally, its factory in Germany shut down for a week because of an arson attack. .
Increased competition from brands such as
China's BYD have also impacted sales, CNN reports. .
Increased competition from brands such as
China's BYD have also impacted sales, CNN reports. .
Wedbush Securities analyst Dan Ives
referred to Tesla demand in China as
"very soft coming out of the gates for 2024.".
While we were anticipating a bad first
quarter, this was an unmitigated
disaster that is hard to explain away, Wedbush Securities analyst Dan Ives, via note to clients.
We view this as a seminal moment
in the Tesla story for Musk to either
turn this around and reverse the
black eye first quarter performance. , Wedbush Securities analyst Dan Ives, via note to clients.
Otherwise, some darker days could
clearly be ahead that could disrupt
the long-term Tesla narrative, Wedbush Securities analyst Dan Ives, via note to clients
Credit: Wibbitz Top Stories Duration: 01:30Published
UNRWA’s commissioner general says attacks on the agency’s reputation were intended to strip Palestinians of refugee status, a day after independent report found Israel still hadn’t provided any evidence staff had links to terror groups.
Credit: euronews (in English) Duration: 02:16Published
Professor and activist Marc Lamont Hill is weighing in on the pro-Palestine protests on the Columbia campus, saying recent antisemitic acts are the work of a few.. TMZ.com
Israel has denied accusations that it buried Palestinians in a mass grave, following the discovery of more than 300 bodies in the courtyard of a Gaza Strip.. Sky News
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