By Akash Sriram, Abhirup Roy (Reuters) -Tesla CEO Elon Musk said he expects vehicle sales to grow 20% to 30% next year, reassuring investors the company was improving its core business of selling electric vehicles profitably, and reducing concerns about when it could produce a robotaxi. The forecast, building on a target for “slight growth” in deliveries this year, pushed the company’s shares up 12% in post-market trading on Wednesday. This set up Tesla to add about $80 billion in stock market value. A drop in the cost of making vehicles added comfort for investors who saw Musk focusing on…
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Bond traders are at it again, pushing Treasury yields higher and signaling the Federal Reserve was too heavy-handed when it cut interest rates by a half-percentage point last month. The recently rising yields have put pressure on the stock market — and specifically, names in our portfolio tied to housing. The 10-year Treasury yield — which influences all kinds of consumer loans, including mortgage rates — rose again Wednesday, reaching a session-high 4.26%. That’s a level not seen since late July when the yield had started to turn lower in anticipation of the Fed rate cut, which came on Sept.…
COP16, taking place in Cali, Colombia, will focus the attention of governments, companies and investors on the struggle facing nature. The sobering background to the “biodiversity COP” is that the world lost 16% of humid primary forest cover over the last 20 years,[1] and wildlife populations declined by 73% between 1970 and 2020.[2] For investors, the challenge is equally complex. Beyond identifying risks and mitigating negative impacts, they must identify opportunities to restore and conserve nature. The Global Biodiversity Framework (GBF) highlights the need for private finance as part of its goal to mobilize USD 200 billion per year for…
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Project is expected to reduce emissions by 13,227,635 tCO2e during its 30-year life, an average of 440,921 tCO2e per yearTransaction to be funded with… Source link
In voluntary carbon markets, corporates or individuals set climate targets and voluntarily purchase carbon credits from environmental projects that can reduce or remove carbon dioxide emissions to reach them. Across IDTechEx’s research into point-source carbon capture, carbon dioxide removal, and carbon dioxide utilization, numerous business models for CCUS have been analyzed – including those based on voluntary market finance. Carbon credit markets have weathered several scandals pertaining to poor-quality credits in recent years. The complex and sometimes volatile nature of these markets have led some to view the carbon credit space as “the wild west”. However, while most of the voluntary…
Brazil’s congress is studying a bill (PL 182/2024) designed to create a regulated carbon credit market in the country. The bill sets a deadline of up to five years for the full implementation of the so-called Brazilian greenhouse gas emissions trading system (SBCE), which establishes emission ceilings and a bond sales market. Bill 182/2024 is a substitute for bill 412/22, and the continuation of the old bill 2,148/15. It was approved by the lower house in December 2023 and then sent to the senate. BNamericas spoke with three local experts about the main bottlenecks for the approval of the bill…
Ridgenet Network Group LLC – a manufacturer of equipment and vehicle upfitter for emergency response components used in law enforcement, fire and EMS – plans to expand its Pulaski County presence with a $1.2 million expansion that will create 20 additional full-time jobs. Source link
(Bloomberg) — Tesla Inc. surpassed Wall Street estimates for earnings in the third quarter and projected a slight increase in deliveries for the current year, reflecting a rebound in demand for its electric vehicles. Most Read from Bloomberg The company on Wednesday reported adjusted earnings of 72 cents per share for the quarter, above the average analyst estimate and snapping four consecutive quarters in which the measure missed expectations. It reiterated plans to start production of more affordable models in the first half of 2025, saying it projects 50% growth next year over its 2023 production volumes. Shares of the…
CNBC’s Jim Cramer on Wednesday explained why he thinks Boeing is a buy even though it posted a third-quarter loss of more than $6 billion, saying there simply aren’t many competitors who can manufacture aircraft at scale.”The worse Boeing’s financials might be, the better the buy, because as soon as this machinists strike is over and Boeing raises some money, it’ll be back on the road to profitability,” he said. “Do not get me wrong, this company is in awful shape — but only two companies on earth can make commercial aircraft at scale and Boeing is one of them.…