Tesla’s sales in China fell about 30% from the 89,064 sold in March and were down about 18% from 75,842 a year earlier. The CPCA number is a wholesale figure that includes exports. CPCA retail sales data typically become available later in the month. ( read original story ...)
Tesla Stock Falls. Two Reasons for the Drop.
Tesla stock was falling early Tuesday as Chinese sales numbers—and results from electric-vehicle start-up Lucid—weighed on investor sentiment.In April, Tesla sold 62,167 units from its plant in Shanghai, ( read original story ...)
Stock market today: Asian shares mostly higher, though China benchmarks falter
But the Shanghai Composite index recovered from early losses ... Apple slipped 0.9% after Berkshire Hathaway revealed it had pared its stake in the tech giant. The U.S. stock market has been swinging since setting a record at the end of March. ( read original story ...)
Exclusive-China’s CICC may cut investment banking headcount by at least 10% this year, sources say
SHANGHAI (Reuters) - China International Capital Corp (CICC) may reduce its investment banking headcount by at least 10% this year, two people with knowledge of the matter said, as a capital market ... ( read original story ...)
Hong Kong targets insurance-linked securities co-operation with Shanghai
Hong Kong and the mainland China city and financial hub of Shanghai are looking to co-operate on a range of financial initiatives, with one of them being ... ( read original story ...)
GM-Backed Self-Driving Company Momenta Readies For US IPO Launch: Report
Auto giant General Motors-backed Beijing Momenta Technology Co., a Chinese self-driving firm, has quietly filed for a potential IPO in the U.S., report says. Momenta reportedly aims to raise $200-$300 ... ( read original story ...)
Chinese start-up Zongmu eyes global expansion for self-driving EV ‘power bank’
Zongmu Technology, a Shanghai-based autonomous driving start-up ... “The concept of ‘FlashBot’ is akin to a ‘power bank’ for smartphones, and it offers a solution to the existing gap in the charging ... ( read original story ...)