Tesla plays ‘whack-a-mole’ with snags as deliveries fall for first time in two years

July 5 (Reuters) – Tesla Inc (TSLA.O) faces a series of hurdles ranging from production snags to rising inflation that may hit profits, Wall Street analysts said on Tuesday, as the electric-car maker reported a fall in deliveries for the first time in two years.Stung by China’s COVID-19 lockdowns and soaring costs, Tesla said on …

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Luxury car buyers pay more than ever as prices and loan costs rise

If you can even find a new car to buy, actually purchasing it is going to cost you.”It’s a really difficult time to buy a car,” said Jessica Caldwell, executive director of insights for Edmunds.Limited inventory due to a persistent shortage of computer chips, along with other supply-chain challenges, helped propel new car prices up …

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Brent falls as recession fears deepen demand concerns

A view of the Phillips 66 Company’s Los Angeles Refinery (foreground), which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, and storage tanks for refined petroleum products at the Kinder Morgan Carson Terminal (background), at sunset in Carson, California, U.S., March 11, 2022. REUTERS/Bing GuanRegister now for FREE unlimited access to …

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Tesla, Occidental Petroleum, Exxon Mobil and more

Check out the companies making headlines before the bell:Tesla (TSLA) – Tesla delivered 254,695 vehicles during the second quarter, down 17.9% from the first quarter and below what analysts had predicted. China’s Covid-19 shutdowns were a key factor in holding back production. Tesla fell 1% in premarket trading.Occidental Petroleum (OXY) – Occidental gained 1.3% in …

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US, UK, Europe, Japan will be in recession over next 12 months: Nomura

Many of the world’s leading economies will fall into a recession within the next 12 months as central banks move to aggressively tighten monetary policy to fight surging inflation, according to the chief economist at brokerage firm Nomura holdings. “Right now central banks, many of them have shifted to essentially a single mandate — and that’s …

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