Tesla’s first-quarter net income plummeted 55 per cent, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate the production of new, more affordable vehicles. The Austin-based company said it made $1.13 billion US from January through March compared with $2.51 billion US in the same period a year ago. … Read more
The memo sent to staff in the Prime Minister’s Office to announce the hiring of Max Valiquette as the government’s new executive director of communications said the former marketing executive would be focused on, among other things, “aligning the entire team under a clear narrative.” In politics, a clear narrative isn’t everything, but it’s a … Read more
Along with the massive recent manufacturing investments in electric vehicle (EV) technology and talks of a greener, decarbonized future, there are some not-so-green problems. In its latest New Energy Finance report, Bloomberg News predicts there will be some 730 million EVs on the road by 2040. The year before, Bloomberg predicted half of all U.S. vehicle sales would be battery electric by 2030. … Read more
