Tesla slashes prices amid slumping sales
Tesla on Friday lowered the prices of its vehicles around the world as the largest electric car maker faces declining sales. Three of the four best-selling cars, Model X, Model Y, and Model S, are priced at reduction The $2,000 difference comes days after the company recorded lower-than-expected deliveries in the first quarter of 2024. […]
March retail sales blew past expectations
Retail sales in March exceeded expectations, according to new numbers released by the Commerce Department on Monday. The latest estimates are Ministry of Commerce Retail sales were shown to have increased by 0.7% in March, more than double the previous year. consensus estimation Increased by 0.3% from last month. Retail sales in March exceeded expectations […]
Tesla to slash global workforce by more than 10% as sales drop
Tesla has cut more than 10% of its global workforce. CEO Elon Musk called the move a “difficult decision” for the company, which is grappling with declining sales as electric vehicle price competition intensifies. The layoffs, announced Monday in an internal memo to Tesla’s roughly 140,000 employees worldwide, could reach as much as 20% in […]
ATF Rule Requires Smugglers to Get NICS Checks on Gun Sales
ATF’s background check rules change the definition of the word “dealer” to include people who smuggle guns into other countries for the purpose of selling them, giving smugglers access to the National Instant Criminal Background Check System (NICS). is required. Breitbart News reported that the ATF released the proposed rule on August 31, 2023. The […]
China Sanctions 2 American Defense Companies over Arms Sales to Taiwan
China on Thursday announced sanctions against two major U.S. defense companies over U.S. arms sales to Taiwan, which China claims as part of its territory. China’s Foreign Ministry says US arms sales to Taiwan violate various US-China agreements that maintain the delicate situation that the US does not formally recognize the Taiwanese government or support […]
VP Harris Lauds Rule Forcing Background Checks on Private Gun Sales
Vice President Kamala Harris posted a video to X on Thursday praising the ATF’s proposed rule that would require background checks for private gun sales. President Biden also boasted about the proposed ATF rules Thursday morning. Breitbart News reports that the ATF’s proposed rule would change the definition of “engaging in the business of selling […]
Tesla’s Sales Outlook Dims as Analysts Predict EV Decline in 2024
Elon Musk’s Tesla sales outlook has worsened, with two prominent analysts predicting a decline in EV deliveries in 2024. according to recent reports From Bloomberg, Piper Sandler’s Alexander Potter predicts Tesla’s car deliveries will drop 0.5% in 2024 to just under 1.8 million vehicles. Similarly, Jefferies’ Philippe Fouchois predicts a decline of around 3% to […]
ATF Rule Forces Background Check System into Private Gun Sales
A proposed rule by the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) will soon go into effect that would require many private gun dealers to use the National Instant Criminal Background Check System (NICS) when selling guns. Federal gun dealers, not federal gun dealers, are subject to this rule because they are required to […]
Hybrid vehicle sales revving up as EV demand sputters
Automotive expert Mike Caudill discusses data that proves consumers are not yet ready for a complete transition to electric vehicles. Polls show that most Americans consider emissions when buying a new car, but despite the push for electric vehicles, consumers still prefer other “green” alternatives. shown in the data. Brian Moody, executive editor of Kelley […]
Costco gold and silver sales ‘seem to have grown considerably’: Wells Fargo
Dr. Marty McCurry, professor of public health at Johns Hopkins University, talks about Costco offering Ozempic and Wegoby to its members and the use of these drugs. Costco Wholesale entered precious metals sales with gold bars last year, but its sales may have rebounded considerably since then, according to a Tuesday research report from Wells […]