On Saturday, Trump said he would impose additional sanctions against Iran in a bid to prevent the country obtaining nuclear weapons.World Politicsread more
Tensions between the U.S. and Iran will likely escalate in the near future, a former adviser to the Iranian government said on Monday.Energyread more
Chinese vice commerce minister said Monday that Beijing would like the U.S. to cancel "inappropriate" actions against Chinese companies.China Economyread more
A decisive win for Turkey's main opposition party in a re-run of a mayoral election in Istanbul this weekend has prompted hopes for economic and political change.Europe Politicsread more
Sixteen Asia Pacific countries have been negotiating the Regional Comprehensive Economic Partnership since 2013, with India's reluctance to open up its markets a major...Asia Economyread more
The secretary of State said he was traveling to Saudi Arabia and the United Arab Emirates to make sure that the U.S. is "strategically aligned" with its allies.Politicsread more
Experts say Facebook's cryptocurrency project Libra has been a catalyst for the price of bitcoin going higher.Technologyread more
Goldman Sachs helped state firm 1MDB to raise $6.5 billion in 2012 and 2013, and collected higher-than-typical fees of $600 million for the deals.Financeread more
Value investing has become increasingly irrelevant thanks to central banks and technology, according to AB Bernstein.Investingread more
Indonesian Trade Minister Enggartiasto Lukita said all 16 countries negotiating a mega Asia-Pacific trade agreement should remain in the framework.World Economyread more
Stocks in Asia Pacific traded mixed on Monday afternoon, while oil prices continued to rise as tensions between the U.S. and Iran lingered after the latter shot down an...Asia Marketsread more
The company wants to design the vehicle so that it removes as many of the headaches Tesla had to go through to produce earlier models. Musk spent at least one Thanksgiving working at the Gigafactory, which he does not want to repeat, he said.
He also said he may delve more into details about the Model Y on another earnings call later in the year. Tesla reported financial results for the fourth quarter of 2017 on Wednesday.
The Model Y would be Tesla's first crossover vehicle — a segment that is growing faster than perhaps any other in the U.S. passenger vehicle market. Tesla currently makes one sport utility vehicle, the Model X, and two sedans. This is at a time when Americans are shifting away from cars and toward SUVs and trucks.
Tesla has struggled over and over again to ramp up production on earlier models. The company said it is on track to reach a key production goal on the Model 3, which it had previously delayed several times. The Model 3 is a more affordable electric sedan that starts at $35,000.
The company also was delayed on production of its Model X sport utility vehicle, which had dazzling but complicated features, such as falcon wing doors.