The selloff in Tesla’s (TSLA) stock is worsening after the electric-vehicle maker reported delivery figures for this year’s first quarter that fell far short of Wall Street expectations. Tesla said that it delivered 386,810 vehicles in Q1, down nearly 9% from 423,000 a year earlier.It marks the worst year-over-year decline in the company’s vehicle deliveries ever. Analysts who cover Tesla had expected 425,000 electric vehicle deliveries for the quarter. Even the most pessimistic forecast called for more than 400,000 vehicles to be delivered in Q1. Tesla said that it produced 433,371…
Category: Canada
Stocks in Play: Trilogy Metals Inc.
Wednesday, April 3, 20249:41 AM EST – Trilogy Metals Inc. : Announces its financial results for the first quarter ended February 29, 2024. The company reported a net loss of $3.6 million compared to a net loss of $5.1 million for the three-month period ended February 28, 2023. Trilogy Metals Inc. (T.TMQ) shares were unchanged at 0.74.Stocks in Play: Trilogy Metals Inc. , Wed, 03 Apr 2024 09:42:06 EST
Drought poses key risk to Canada’s natural gas producers in 2024: Deloitte
Persistent drought conditions are poised to challenge natural gas producers even as they aim to ramp up in anticipation of Canada’s first liquefied natural gas export terminal opening, a new report warns.
Mid-Week Alert: Tesla Weak Deliveries, Humana, and More
Throughout the first quarter, markets braced for more bad news from the electric vehicle giant, Tesla (TSLA). On April 2, the stock traded as low as $164 before ending at $166.63. Tesla delivered 386,810 vehicles in the first quarter. Supply exceeds weak demand, as the production of 433,371 units would add to the firm’s inventory. It blamed the volume decline partly on the production ramping up for its updated Model 3. Additionally, factories closed due to the arson attack at the Gigafactory in Berlin. The reasons do not explain the supply glut.For Q2, Tesla raised vehicle prices by $1,000…
Stolen cars: CBSA, Quebec and Ontario police to detail large-scope investigation in Montreal
The CBSA, Ontario and Quebec police forces give an update about strides made to intercept stolen vehicles.
Smoke could drift over Highway 33 east of Kelowna during controlled burn
AIM Roads is advising the public of an upcoming controlled burn that could impact Highway 33.AIM says it will be burning timber at the Pyman Pit, off Highway 33 from April 8 to April 12, 2024.While no direct traffic impacts are anticipated, drivers should be aware of the potential for smoke …
Kelowna woman learning to live with her two cloned kittens
A Kelowna woman has gained worldwide attention after successfully cloning her dead cat ‘Bear.’A French television network and HBO are working on documentaries on the cloning process, and People Magazine featured the cloned kittens."I’ve always had cats, so this feels like my life is bac…
Wet and windy weather continues in Toronto
The wet and windy weather is expected to continue in Toronto on Wednesday.
Upcoming Ontario byelections could serve as key leadership test for Ford and Crombie
Two byelections are pending in Ontario that will serve as the first test of the Ontario Liberals under new leader Bonnie Crombie. Polling shows one of the two is neck and neck.
Greater Toronto home sales down in March but competition pushes prices up: board
The Toronto Regional Real Estate Board says Greater Toronto home sales in March were down 4.5 per cent from last year, but there was enough competition between buyers that the average home price rose moderately year-over-year.