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Reuters
Tesla’s China-made sales hit record following Shanghai factory upgrade
(Reuters) -Electric vehicle maker Tesla Inc sold 83,135 China-made vehicles in wholesale in September, smashing its record of monthly sales in China, according to a report released on Sunday by the China Passenger Car Association (CPCA). The number marks an 8% increase from August and outpaced the more than the 5% month-over-month growth of all wholesale electric vehicle sales in China, according to CPCA data. It set a new record for Tesla’s Shanghai factory since production began in December 2019, and topped the prior sales record of 78,906 in June, as the U.S. carmaker continues to invest in China production.
The Telegraph
The race to defuse the time bombs lurking in the financial sector
“Yes there’s stress, yes it’s going to get worse, and yes there’s going to be failure,” is the frank assessment of the state of the financial sector from Keith Skeoch, a City grandee and former chief executive of investment giant Standard Life Aberdeen.
CBS News Videos
Fears grow over Putin’s nuclear threats
Experts worry the combination of limited military options and personal embarrassment could lead Russian President Vladimir Putin to lash out with chemical or tactical nuclear weapons. David Martin takes a look at what that would mean.
Motley Fool
My Top Electric Car Stock to Buy and Hold
While many investors are crowding into EV manufacturers at lofty valuations, few are looking at this key supplier.
Washington Post
The U.S. is the world’s largest oil producer. You’ll still pay more for gas.
When the Organization of the Petroleum Exporting Countries and its partners – often known as OPEC Plus – announced a production cut of 2 million barrels of oil on Wednesday, the reaction in the United States was less than positive. In a statement, the White House called the decision “shortsighted” and vowed to look at alternatives for U.S. oil supply. But the oil cut raised a question. Over the past few decades, various presidents have stressed the importance of U.S. “energy independence.” (Form
MarketWatch
Russia says truck bomb damages key bridge to Crimea
Russian authorities said that a truck bomb on Saturday caused a fire and the collapse of a section of a bridge linking Russia-annexed Crimea with Russia
TheStreet.com
Credit Suisse CEO Tries to Shield Employees from the Storm
This is the mission that Ulrich Körner set for himself at a time when Credit Suisse, founded in 1856, is going through one of the most difficult and painful periods in its history. Körner, who took over as CEO last August, wants to give the impression that all is well, that the boat is sailing smoothly, despite the fact that the waters are threatening. In his last memo sent to employees on Oct. 7, the chief executive officer tries to portray the image of a calm captain, a captain who is in control of his boat.
