Experts believe a wider spat with Europe would be much more damaging than the current tit-for-tat with China.Traderead more
After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.Market Insiderread more
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Markets pay particular attention to Italy's spending, given its public debt pile. This stands at above 130% of its growth rate, one of the highest in the world.Politicsread more
Flight bookings to Hong Kong have fallen 10%, hit by the unrest in the city, said Alan Joyce, the chief executive of Australian carrier Qantas Airways.Airlinesread more
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These in-demand skills can command top pay packets, says Feon Ang of professional networking site LinkedIn.Get Aheadread more
Japanese manufacturing activity shrank for a fourth straight month in August as export orders fell at a sharper pace.Asia Marketsread more
The Washington governor had centered his campaign around climate change, calling it "the most urgent challenge of our time."Politicsread more
The inversion is seen by many veteran traders as an important recession omen, though the timing on the eventual downturn is less predictable.Bondsread more
Here's what Nordstrom reported for its fiscal second-quarter earnings.Retailread more
During the first-quarter call in May, Musk cut off Toni Sacconaghi, senior technology analyst at Sanford C. Bernstein, dubbing his question on Model 3 gross margins "boring." He took a first question from Sacconaghi on Wednesday, and promptly apologized for his prior conduct.
That day, the stock plunged in after-hours trading in response to the perceived insult.
On July 16, Tesla stock plunged again after Elon Musk insulted Vernon Unsworth, a British cave diver who helped rescue 12 Thai boys and their soccer coach, on Twitter. Unsworth said he was considering legal action against Musk, because the CEO labeled him "pedo guy."
On Wednesday, Musk said of his impoliteness towards analysts, "I violated my own rule in that regard...There's no excuse." The CEO's contrite tone on Wednesday's call may assuage the concerns of investors who worried about Musk's leadership style under pressure.
CFRA's Efraim Levy wrote in a note to investors on Wednesday, even ahead of the call:
"We like the more muted tone of the company's outlook, with the absence of unnecessary new stretch goals. One example is TSLA's reiterating a Model 3 production rate goal of 6,000 units per week by late August, with a more vague time frame to reach production of 10,000 units per week, despite our expectation for a more accelerated ramp. Perhaps it reflects a more cautious Elon Musk."
Tesla shares were up 10 percent in after hours trading on Wednesday.