Why is the liberal Left resorting to fake news too? – Evening Standard

A young ballerina is pictured fastening her pointe shoes alongside an ominous caption: Fatimas next job could be in cyber she just doesnt know it yet. Shared online just days after the chancellor had come under fire for comments he had made about retraining parts of the workforce facing redundancy as a result of the coronavirus, Fatima the Ballerina became the poster child for government insensitivity.

The message was read as a sign of Tory callousness, asking creatives to give up on their lifelong ambitions because the Treasury wouldnt bail them out. Liberals on social media were quick to go on the attack insisting that Fatima should be financially supported during Covid-19, while the singer KT Tunstall suggested the Government could be barred from enjoying any arts for the rest of time. The photographer behind the picture said she was devastated by its use.

Only it wasnt all that it was made out to be. Rather than part of a government push for retraining in the wake of the pandemic, the advert was part of a 2019 campaign for cyber recruitment that existed long before the pandemic hit. Even when users pointed this out online, the news failed to travel as fast as the initial outrage. For many the details were irrelevant, as the wider point of a government that cared for money not the arts in their minds held true.

This is not a unique scenario. While most of us are used to the concept of fake news by now, its often been viewed to be the preserve of angry American presidents, Russian trolls or conspiracy theorists. These days its more complicated. These kind of half-untruths are put out by all sides and used as weapons. And while the Right has a reputation for fighting dirty, the Left has sometimes been seen to be above this. It was Michelle Obama who coined the phrase, When they go low, we go high. But in the aftermath of the Labour Partys 2019 election defeat, the attitude on the Left seems split: between those on one side who argue for an if you cant beat em, join em attitude and those on the other who think they should rise above anything that can even be perceived as foul play. So, just how low should the Left go when it comes to taking on their opponents?

Adam McNicholas is the founder of One Rule For Them, a new grassroots group aimed at supporting the Left in marginal seats through political persuasion campaigns. While he supports a more aggressive stance, he says the focus should be on framing. We dont need fake news, these guys give us enough ammunition as it is, he tells me, citing Dominic Cummings trip to Durham during the first lockdown as an easy area on which to capitalise. Not that his campaigns avoid controversy. Last month his outfit released a new video on Dishy Rishi asking whether the chancellor was on voters side. The video argues that the smooth talking politician is not, citing his alleged celebrity lifestyle and career in finance.

The video was criticised from figures on the Left as well as the Right for being too personal and negative. However, McNicholas was satisfied with its impact and the more than one million organic views it received. The principle behind it creating rows about things we want to talk about meant the plan was to draw attention to Sunaks background as a hedge fund manager.

While some in the Conservative Party thought it unfairly suggested Sunak was living it up, figures close to the chancellor say they were not put out. If thats what they need to resort to then good luck to them, says a source close to Sunak.

One figure who can see some merit in this type of aggression is James Schneider, former Momentum organiser before working as director of strategic communications to Jeremy Corbyn. I think the One Rule For Them framing just as a name is quite good. That is quite a good narrative for attack, he tells me. However, he said it would benefit from a less personal focus on Sunaks possessions. There is no point taking the piss out of the fact hes got some expensive tea heating mug thing that sends data to his Apple Watch, but him having worked in hedge funds and wages stagnating for the past 12 years, those links are better.

Schneider has had to deal with the question of how the Left should win over voters: the tussle between positive messaging and the negative. He says the Labour Party has been too focused on incredibly long stat-based attack documents that basically dont do anything a 100 days of Tory failure or whatever, he says. Those are really ineffective so almost by definition any move away from that type of attack would be good for the Left. Under Corbyn, there was a push to focus on a more positive approach. While Schneider says that should still be the focus, it doesnt mean you cant criticise your opponents.

So, what cuts through when it comes to changing minds? Is it a Rishi attack video, Fatima the Ballerina or something else entirely? James Johnson is a former pollster for No 10 under Theresa May who regularly conducts focus groups in his role as co-founder of JL Partners. He says, Theres a difference between the things that people have heard of, which is one definition of cut-through, and the things that really change opinions of a brand. Fatima the Ballerina was an example of the former: People have referred in focus groups to that ballerina advert itself and they were sort of pretty critical about the whole thing but actually it hadnt really impacted their view of Rishi Sunak at all, he explains.

What impact then does it have when the things being discussed in the focus groups stretch the truth? In discussions on the ballerina advert, James Johnson said the fact it was a 2019 campaign did not come up. However, he still believes the public are better at questioning sources than they are often given credit for. There is always that interrogation and that feeling of is this really real, and its particularly accentuated if its seen on social media, he says. People are hyper aware of where they are getting their news from and how its painted.

If the public are switched on, do parties even need to bother to step in to correct the things put out by their supporters? Any effort could be futile. When something happens like that it can spread like wildfire particularly if celebrities join in, a Conservative aide explains. Theres not much you can do; often its bad luck.

Schneider says such dilemmas ought not to distract from the most important goal: getting your message out there. I think how progressive forces should think about all different forms of communications is how many times can you get your message in front of people and how effectively versus the other side, he says. That should be more the focus than trying to police how much due diligence someone should do before they retweet a meme because I think there, youre bumbling into an unpoliceable zone.

The Left has long believed that the press in this country tilts right so there is an argument that these attacks could level the playing field. But the challenge for them is walking the tightrope of getting peoples attention while keeping their integrity intact.

Read more:

Why is the liberal Left resorting to fake news too? - Evening Standard

India’s mask of economic liberalism is off – The Hindu

Trade protectionism seems to be the official policy, with the government following the path of its ideological leanings

Indias External Affairs Minister S. Jaishankar recently disapproved of free trade and globalisation. Sounding like a politician of the bygone era where the government shielded the domestic industry from competition by putting up protectionist barriers, he said, in the name of openness, we have allowed subsidi[s]ed products and unfair production advantages from abroad to prevail... justified by the mantra of an open and globali[s]ed economy. It was quite extraordinary that an economy as attractive as India allowed the framework to be set by others. He was speaking at a dialogue. Taking a dig at free trade agreements (FTAs), the Minister said, the effect of past trade agreements has been to de-industriali[s]e some sectors.

The fact that these observations were made just a day after 15 countries of the Asia-Pacific region signed, on November 15, the Regional Comprehensive Economic Partnership (RCEP) agreement, the largest regional trading arrangement, is no coincidence. The Minister tried hard to rationalise the governments decision to walk away from RCEP last year. However, there are several flaws in Mr. Jaishankars arguments.

Also read | Leaving RCEP was a short-sighted decision, says former Foreign Secretary Shyam Saran

First, by refusing to sign RCEP a sign of weakness, not boldness India is now truly at the margins of the regional and global economy. With trade multilateralism at the World Trade Organisation (WTO) remaining sluggish, FTAs are the gateways for international trade. By not being part of any major FTA, India cannot be part of the global value chains. Indias competitors such as the East Asian nations, by virtue of they being embedded in mega-FTAs, are in a far superior position to be part of global value chains and attract foreign investment.

Second, has India embraced the economic openness that Mr. Jaishankar laments about? While India is surely a much more open economy than it was three decades ago, globally, India continues to remain relatively closed when compared to other major economies. According to the WTO, Indias applied most favoured nation import tariffs are 13.8%, which is the highest for any major economy. Likewise, according to the United Nations Conference on Trade and Development, on the import restrictiveness index, India figures in the very restrictive category. From 1995-2019, India has initiated anti-dumping measures 972 times (the highest in the world), zealously endeavouring to protect domestic industry.

Third, in blaming FTAs for the woes of Indias manufacturing, the External Affairs Minister is contradicting his own governments economic survey presented earlier this year, which concluded that India has benefitted overall from FTAs signed so far. Moreover, impugning FTAs for deindustrialisation means being oblivious to the real problem of the Indian industry which is the lack of competitiveness and absence of structural reforms.

Also read | Jaishankars views reflect language used in 1970s, says Chidambaram

Fourth, the External Affairs Minister , following the finest traditions of the Narendra Modi government, criticised the past governments for compromising Indias interests by doing business as per the framework set by others. However, he did not share why his government utterly failed in the last six years to convince 15 other RCEP nations about a framework that would be advantageous to India.

Finally, in criticising economic openness and globalisation, the External Affairs Minister wholly ignored the fact that India has been one of the major beneficiaries of economic globalisation a fact attested by the International Monetary Fund (IMF). Post-1991, the Indian economy grew at a faster pace, ushering in an era of economic prosperity. According to the economist and professor, Arvind Panagariya, poverty in rural and urban India, which stood at close to 40% in 2004-05, almost halved to about 20% by 2011-12. This was due to India clocking an average economic growth rate of almost 8% with international trade being a major engine of progress.

The comments of the External Affairs Minister give us a window to understanding the larger ideological moorings of the Narendra Modi government on free trade. When Mr. Modi became the Prime Minister in 2014, it was widely perceived that while his government might be socially conservative, it would be economically liberal and advocate globalisation and free trade. This was even though all ideological gurus of the Sangh Parivar, whether Deen Dayal Upadhyay or Dattopant Thengadi, championed swadeshi (indigenous products) over videshi (imports). Over the last few years, the Narendra Modi government has started walking on the path shown by its ideological gurus. Tariffs have been increased, FTAs are being demonised, and vocal for local, which strikes at the heart of international trade and globalisation, is the new mantra.

News Analysis | Vocal about local, but no snub to globalisation

The Prime Ministers desire to make India a global destination for foreign investment is a pipe dream because it is naive to expect foreign investors to be gung-ho about investing in India if trade protectionism is the governments official policy. The mask of economic liberalism is finally off and the real ideological colours are there for everyone to see.

Prabhash Ranjan is a senior assistant professor of law at South Asian University. The views expressed are personal

Read more:

India's mask of economic liberalism is off - The Hindu

Wisconsin issues recount order, paid for by Trump, in 2 liberal counties – pressherald.com

MADISON, Wis. The Wisconsin Elections Commission issued an order Thursday to recount more than 800,000 ballots cast in two heavily liberal counties at President Trumps request.

The order, required by law after Trump paid $3 million for the recount, was agreed to after rancorous debate for more than five hours Wednesday night that foreshadows the partisan battle ahead.

Its just remarkable the six of us in a civilized fashion cant agree to this stuff, Democratic commissioner Mark Thomsen said hours into the debate. The commission is split 3-3 between Democrats and Republicans.

The recounts in Milwaukee and Dane counties, where Joe Biden outpolled Trump by a more than 2-to-1 margin, will begin Friday and must be completed by Dec. 1. Milwaukee County officials said they plan to finish the recount by Wednesday. Dane County Clerk Scott McDonell said it would be great to be done by Thanksgiving, but he didnt have an estimate for when the work would conclude.

Biden won statewide by 20,608 votes. Trumps campaign has cited irregularities in the counties, although no evidence of illegal activity has been presented.

We understand the eyes of the world will be on these Wisconsin counties over the next few weeks, Meagan Wolfe, Wisconsins top elections official, said Thursday. We look forward to again demonstrating the strength, security, integrity and transparency of our election systems in Wisconsin.

The commission argued over changes to its manual that provides guidance to local elections officials over how to conduct recounts. Ultimately, they decided not to reference the manual in the order, but they did update some parts to reflect accommodations for the coronavirus pandemic.

The commissioners deadlocked on making changes to the manual that Democrats and elections commission staff said would bring the guidance into line with current state law. Republicans balked, saying the guidelines should not be changed after Trump filed for the recount.

Their inability to agree leaves in place guidance that says absentee ballot applications must be approved as part of the recount, even though commission staff said thats not required under the law.

Democratic commissioners said they were certain the recount was headed to court even though Trumps claims were without merit.

Board Chair Ann Jacobs, a Democrat, said Trumps allegation that election clerks mailed thousands of absentee ballots to voters who hadnt requested them was absurd, factually bizarre and a vague, paranoid conspiracy.

What we ought not be doing is watering that plant of baloney, she said.

Republican commissioners Dean Knudson and Bob Spindell questioned whether election observers would be treated fairly by Democratic county clerks in Milwaukee and Madison. At one point, Knudson even appeared to question whether absentee ballots requested through the elections commissions state website were invalid because of how the requests are recorded.

I hope we havent created a system at WEC that entices people to request a ballot that actually isnt in keeping with the law, he said.

Knudson, a former state lawmaker, has been on the commission since 2017 and like many office holders in Wisconsin encouraged voters to sign up for absentee ballots on the website. In August, he tweeted a link to the site along with the exhortation to request absentee ballot now.

Democrats dismissed Knudsons concerns as outlandish, noting that the system has been in place unchallenged for years.

Thomsen said Trump was challenging the validity of the election only because he lost, but he had no problem with Wisconsins election rules in 2016 when he won by fewer than 23,000 votes.

Milwaukee County is the states largest, home to the city of Milwaukee, and Black people make up about 27 percent of the population, more than any other county. Dane County is home to the liberal capital city of Madison and the flagship University of Wisconsin campus.

The disputes at the commission had echoes of what happened in Michigan on Tuesday. Republicans on a canvassing board for the county that includes Detroit temporarily stopped certification of the vote after claiming that poll books in certain parts of the majority-Black city were out of balance. The deadlock brought claims of racism from Democrats before the board later voted unanimously to certify the results. The Republicans said they want to change their stance again, but officials said certification of the vote will stand.

Invalid username/password.

Please check your email to confirm and complete your registration.

Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.

Previous

Next

Read more here:

Wisconsin issues recount order, paid for by Trump, in 2 liberal counties - pressherald.com

Gavin Newsom Is the Face of Privileged Liberal Hypocrisy – The Daily Beast

Liberals never learn. At a time when the erosion of public trust is more dangerous than the plague swirling around us, you would think they would be careful about displays of hypocrisy. Instead, the same technocratic elites who rail about the sin of privilege and criticize Donald Trumps unraveling of the social fabric are telling us by their actions: Do as I say, not as I do.

The latest example comes to us by way of Gavin Newsom, Californias Democratic governor, who was photographed maskless at a Nov. 6, birthday party for a lobbyist. In so doing, he violated his own state guidelines. Newsom apologized, but the incident only underscored the widening social distance between the elites and the plebesand the sense that lockdowns are for the little people, while parties, salon visits, and swanky dinners are for me, but not for thee. Hypocrisy, thy name is Newsom.

And Newsom isnt the only Californian who thinks hes above the rules. Sen. Dianne Feinstein was recently spotted walking around the Senate maskless, and Nancy Pelosiwho drew controversy for visiting a hair salon in Septemberwas forced to cancel a dinner she was planning to welcome newly elected House Democrats after the event caused an uproar.

This is a trendand not just in the Golden State. These conspicuous displays of hypocrisy reinforce the notion that progressive elites think theyre better than the hoi polloi lumpenproletariat who are forced to follow their guidelines. The public might have rejected Trumps handling of the virus, but its easy to see why average Americans, who have to comply with COVID-19 regulations, feel disgruntled by such decadent displays.

Its almost as if the perpetrators are unaware that cultural aggrievement is the most potent force in modern American politics, and that, for a lot of Americans, complying with COVID rules means shuttering a business, postponing a wedding, or never getting to say goodbye to a loved one in a hospital. And, for many of us, it will mean not seeing family members this Thanksgiving.

Now imagine doing all of these things, and then seeing Gavin Newsom and California Medical Association officials enjoying themselves at the French Laundry.

During times of crisis, leaders have to ask others to sacrifice. But this only works when they earn the credibility to do sowhen followers believe that the leader has their best interest at heart and is sharing in the sacrifice. Never mind enduring any real hardship, Californians cant even count on Gavin Newsom to stay home and watch Schitts Creek on Netflix. And this sort of let them eat cake! imagery is even more galling coming from members of a political party fond of lecturing others about their privilege.

So why is this happening? In some cases, of course, the problem is simply that elites view themselves as being above the rules. In other cases, there is more than mere class snobbery at play; theres also political snobbery. More specifically, there is the sense that progressive causes (like protesting the police or celebrating Joe Bidens election) are exempt from the rules, because, after all, the cause is so goodso importantthat the ends justify the means. A Trump rally, for example, is dangerous and irresponsible, while street celebrations for Joe Biden are not just tolerated, but commended.

Case in point: This spring, conservatives protesting Michigans harsh lockdown policies were criticized for not social distancing. Now, some of these protesters behaved in ways that were unbecoming. But the subsequent behavior of liberals did little to quell their sense of victimhood and unfairness. Thats because, in early June, as the Detroit News reported Gov. Gretchen Whitmer, who's voiced concerns about other demonstrations potentially spreading COVID-19 in recent weeks, participated Thursday in a civil rights march in Highland Park with hundreds of people who did not follow social distancing rules. (Dont worry, we are assured by the experts that protests probably did not cause a COVID spike.) To be sure, protesting police violence is legitimate and important, but so are a lot of other things weve been asked to curtail.

A more recent example occurred when D.C. Mayor Muriel Bowser traveled to Delaware to celebrate Joe Bidens presidential win. The problem? Delaware was on her list of states considered high risk for COVID-19. She skirted the rules by insisting that attending Bidens victory party was essential travel. Right.

So traveling to spend her last Thanksgiving with your grandma makes you irresponsible and dangerous, but traveling to celebrate Bidens win is essential travel? You can go to a conference in Hawaii, but you cant schlep to Cleveland for a family reunion?

To the laymans eye, theres a lot of hypocrisy here. But why shouldnt progressive politicians enjoy these perks? They are our betters, arent they?

More here:

Gavin Newsom Is the Face of Privileged Liberal Hypocrisy - The Daily Beast

Reader letters, Thursday: Senate runoffs give chance to stand against liberals – Savannah Morning News

ThursdayNov19,2020at6:16AM

Senate runoffs give chance to stand against liberals

If the two U.S. Senate seats up for grabs in January should swing to the left, how might a Democratic Senate overturn conservative gains on the Supreme Court? Would this allow the Democrats to "pack the court" in order to force its rulings to uphold the most despicable liberal agendas?

Evangelical Christians and conservatives generally are anchored in their belief that this country is moving in the wrong direction morally and ethically. We have been encouraged by having three recent Supreme Court vacancies filled by conservative, originalist judges who are committed to Interpreting the rule of law as originally intended our Constitutions framers. By their writings, these men clearly accepted that there are moral absolutes upon which our laws, and our behavior, both institutionally and individually, should be directed.

I believe President-elect Joe Biden will attempt to be moderate and reunite us for the common good. But there must be a balance of power to ensure that more progressive Democrats dont lead us off into a morass of "situational ethics, with every man "doing what is right in his own eyes rather than taking into account its impact on love thy neighbor as thyself.

John Sullivan, Savannah

Time to move on from GOP leaders

America has spoken. The majority of people in this democratic society have repudiated Donald J. Trump, his policies and his personality. Georgias two Republican senators have been loud and proud in their support, allegiance and defense of this man.

Now that this wanna-be king has been shown the exit door, why should we keep his court jesters?

Bennie D. Spaulding, Savannah

View original post here:

Reader letters, Thursday: Senate runoffs give chance to stand against liberals - Savannah Morning News

John Ivison: The Liberal MP Justin Trudeau couldn’t control. Memoir reveals final, angry call with PM – National Post

By her own admission, Caesar-Chavannes was guilty of erratic behaviour, as she battled mental health challenges and attempted to adapt to a House of Commons she felt was designed to reinforce power and privilege.

But this was a government that promised to do politics differently; that pledged to shake up the status quo; and, which was elected, at least in part, because it championed unconventional candidates like Celina Caesar-Chavannes.

In some ways, these flaws were my super-powers, she said, as she realized that she was not destined for the political heights and she should instead use her platform to amplify the voices of quiet, little Black girls who felt and saw injustices but could not say anything.

She said her feminism required her to be bold. It requires me to have uncomfortable conversations and to speak my truth.

Matters came to a head after an ugly online confrontation with Peoples Party leader, Maxime Bernier. Some of Caesar-Chavannes colleagues expressed support, using a #HereforCelina hashtag.

Trudeau was noticeable by his absence until the hashtag started trending on Twitter. She was upset that he had not come to her aid but agreed to meet him, at his request. The meeting lasted three minutes, which I felt was more of my time than he deserved.

When the whole controversy over his dressing up in blackface emerged in the 2019 election campaign, I thought I should have seen that one coming

As the SNC Lavalin affair unravelled, Caesar-Chavannes became ever more disillusioned and told the Prime Ministers Office that she did not intend to run again. Coincidentally, she planned to make her decision public on the same day that Jody Wilson-Raybould resigned from cabinet. Trudeau called to say he couldnt have two powerful women of colour announcing they were leaving at the same time and asked her to delay.

View post:

John Ivison: The Liberal MP Justin Trudeau couldn't control. Memoir reveals final, angry call with PM - National Post

Agriculture Equipment Assembly market size and forecast (2020-2026)| with post impact of covid-19 by top leading players- Agrabase, Rockwell…

COVID-19 Impact on Global Agriculture Equipment AssemblyMarket Professional Survey Research Report 2020-2027

The global Agriculture Equipment Assemblymarket report examines the market position and viewpoint of the market worldwide, from various angles, such as from the key players point, geological regions, types of product and application. This Agriculture Equipment Assemblyreport highlights the key driving factors, constraint, opportunities, challenges in the competitive market. It also offers thorough Agriculture Equipment Assemblyanalysis on the market stake, classification, and revenue projection. The Agriculture Equipment Assemblymarket report delivers market status from the readers point of view, providing certain market stats and business intuitions. The global Agriculture Equipment Assemblyindustry includes historical and futuristic data related to the industry. It also includes company information of each market player, capacity, profit, Agriculture Equipment Assemblyproduct information, price, and so on.

The latestAgriculture Equipment Assemblymarket report published by Reports and Markets offers a competency-based analysis and global market estimate, developed using evaluable methods, to provide a clear view of current and expected growth patterns. The report also contains market analysis by geographic location across the globe as well as major markets.

Click Here To Access The Sample Agriculture Equipment AssemblyMarket Report

Key Players

This report provides information on the key players in theAgriculture Equipment Assemblymarket, the report covers various vendors in the market along with the strategies used by them to grow in the market. The report discusses the strategies used by key players to have an edge over their counterparts, build a unique business portfolio, and expand their market size in the global market. This analysis would help the companies entering the Agriculture Equipment Assemblymarket to find out the growth opportunities in the market.

The key manufacturers covered in this report are @ Agrabase, Rockwell Automation, Fairlawn Tool, Herker Industries, Nordson Sealand Equipment, Fanuc, Araymond, and Sweet Manufacturing

Our new sample is updated which correspond in new report showingPostimpact of COVID-19 on Industry

The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios.

Research Methodology

The data that has been collected is from a multitude of different services that include both primary and secondary sources. The data also includes a list of the different factors that affect the Agriculture Equipment Assemblymarket either positively or negatively. The data has been subjected to a SWOT analysis that can be used to accurately predict the various parameters that are used to measure a companys growth. The strengths along with various weaknesses faced by a company are included in the report along with a comprehensive analysis of the different threats and opportunities that can be exploited.

Buy Full Copy Global Agriculture Equipment AssemblyReport 2020-2026 @

To understand the global Agriculture Equipment Assemblymarket dynamics, the market is analyzed across major global regions and countries. Stats and Reports provides customized specific regional and country-wise analysis of the key geographical regions as follows:

North America

Europe

Asia Pacific Counter

Middle East & Africa

Latin America

America Country (United States, Canada)

South America

Asia Country (China, Japan, India, Korea)

Europe Country (Germany, UK, France, Italy)

Other Country (Middle East, Africa, GCC)

Crucial points encompassed in the report:

In the end, Agriculture Equipment AssemblyMarket Report delivers a conclusion that includes Breakdown and Data Triangulation, Consumer Needs/Customer Preference Change, Research Findings, Market Size Estimation, Data Source. These factors will increase the business overall.Major queries related Global Agriculture Equipment AssemblyMarket with covid-19 effect resolves in the report:1. How market players are performing in this covid-19 event?2. How the pricing of essential raw material and related market affects Agriculture Equipment Assemblymarket.3. Is covid-19 pandemic already affected on projected region or what will be the maximum impact of covid-19 in region?4. What will be the CAGR growth of the Agriculture Equipment Assemblymarket during the forecast period?5. In 2026 what will be the estimated value of Agriculture Equipment Assemblymarket?

TABLE OF CONTENT

1 Report Overview

2 Global Growth Trends

3 Market Share by Key Players

4 Breakdown Data by Type and Application

5 United States

6 Europe

7 China

8 Japan

9 Southeast Asia

10 India

11 Central & South America

12 International Players Profiles

13 Market Forecast 2020-2027

14 Analysts Viewpoints/Conclusions

15 Appendix

About Author:

Market research is the new buzzword in the market, which helps in understanding the market potential of any product in the market. This helps in understanding the market players and the growth forecast of the products and so the company. This is where market research companies come into the picture. Reports And Markets is not just another company in this domain but is a part of a veteran group called Algoro Research Consultants Pvt. Ltd. It offers premium progressive statistical surveying, market research reports, analysis & forecast data for a wide range of sectors both for the government and private agencies all across the world.

Contact Us:

Sanjay Jain

Manager Partner Relations & International

https://www.reportsandmarkets.com/

Ph: +1-352-353-0818 (US)

View original post here:

Agriculture Equipment Assembly market size and forecast (2020-2026)| with post impact of covid-19 by top leading players- Agrabase, Rockwell...

Tesla, Inc. | History, Cars, Elon Musk, & Facts | Britannica

Tesla, Inc., formerly (200317) Tesla Motors, American electric-automobile manufacturer. It was founded in 2003 by American entrepreneurs Martin Eberhard and Marc Tarpenning and was named after Serbian American inventor Nikola Tesla.

Tesla Motors was formed to develop an electric sports car. Eberhard was Teslas chief executive officer (CEO) and Tarpenning its chief financial officer (CFO). Funding for the company was obtained from a variety of sources, most notably PayPal cofounder Elon Musk, who contributed more than $30 million to the new venture and served as chairman of the company, beginning in 2004.

In 2008 Tesla Motors released its first car, the completely electric Roadster. In company tests, it achieved 245 miles (394 km) on a single charge, a range unprecedented for a production electric car. Additional tests showed that its performance was comparable to that of many gasoline-powered sports cars: the Roadster could accelerate from 0 to 60 miles (96 km) per hour in less than 4 seconds and could reach a top speed of 125 miles (200 km) per hour. The lightweight car body was made of carbon fibre. The Roadster produced no tailpipe emissions, as it did not use an internal-combustion engine. Tesla Motors found that the car attained efficiency ratings that were equivalent to a gasoline mileage of 135 miles per gallon (57 km per litre). The vehicles electric motor was powered by lithium-ion cellsoften used in laptop-computer batteriesthat could be recharged from a standard electric outlet. Despite a federal tax credit of $7,500 for purchasing an electric vehicle, the Roadsters cost of $109,000 made it a luxury item.

In late 2007 Eberhard resigned as CEO and president of technology and joined the advisory board of the company. It was announced in 2008 that he had left the company, though he remained a shareholder. Tarpenning, who was also vice president of electrical engineering, supervising the development of electronic and software systems for the Roadster, also left the company in 2008. Musk took over as CEO. In 2010 Teslas initial public offering raised some $226 million.

In 2012 Tesla stopped production of the Roadster to concentrate on its new Model S sedan, which was acclaimed by automotive critics for its performance and design. It came with three different battery options, which gave estimated ranges of 235 or 300 miles (379 or 483 km). The battery option with the highest performance gave an acceleration of 0 to 60 miles (96 km) per hour in slightly over 4 seconds and a top speed of 130 miles (209 km) per hour. Unlike the Roadster, which carried its batteries at the front of the car, the Model S had its underneath the floor, which gave extra storage space in front and improved handling because of its low centre of gravity. The Tesla Autopilot, a form of semiautonomous driving, was made available in 2014 on the Model S (and later on other models).

Beginning in 2012, Tesla built stations called Superchargers in the United States and Europe designed for charging batteries quickly and at no extra cost to Tesla owners. Later versions of those stations were called Tesla Stations and also had the capability of complete replacement of the Model S battery pack.

Tesla released the Model X, a crossover vehicle (i.e., a vehicle with features of a sport-utility vehicle but built on a car chassis), in 2015. The Model X had a maximum battery range of 295 miles (475 km) and seating for up to seven. Because of demand for a more inexpensive vehicle, the Model 3, a four-door sedan with a range of 220 miles (354 km) and a price of $35,000, began production in 2017.

The company also branched out into solar energy products. A line of batteries to store electric power from solar energy for use in homes and businesses was unveiled in 2015. Tesla bought the solar panel company SolarCity in 2016. In 2017 the company changed its name to Tesla, Inc., to reflect that it no longer sold just cars.

The following year Musk made a series of tweets about taking Tesla private, claiming that he had secured funding. In September 2018 the U.S. Securities and Exchange Commission (SEC) charged him with securities fraud, alleging that his tweets were false and misleading. Later that month Teslas board rejected a proposed settlement from the SEC, reportedly after Musk threatened to resign. However, news of the rejected deal sent Teslas stock plummeting, and the board quickly accepted a less generous settlement, the terms of which included Musk stepping down as chairman for at least three years. However, he was allowed to remain as CEO. In addition, both Tesla and Musk were fined $20 million.

Excerpt from:

Tesla, Inc. | History, Cars, Elon Musk, & Facts | Britannica

Tesla stock to rally another 20% as investors bet on Musk, trader says – CNBC

Soon-to-be S&P 500 stock Tesla has rallied nearly 500% this year.

Its run is not yet over, according to Todd Gordon, founder of TradingAnalysis.com. While the stock may now look expensive, he says the market is pricing in explosive growth for the company and the opportunity for more gains.

"If you look at the forward earnings, we're trading 100 times next year's earnings and granted, that's a lot. Trust me, I understand. But I think what people are missing. I think the pricing mechanism of the market is becoming more efficient. It's hard to put a fundamental valuation and justify what's happening on Tesla now because markets are getting smarter and they're pricing the CEO and the visions of the CEO," Gordon told CNBC's "Trading Nation" on Thursday.

Investors are betting on Tesla's innovations with electric vehicles and CEO Elon Musk's private space exploration company SpaceX, Gordon added. He predicts that SpaceX's satellite coverage and the expansion of 5G could lay way to Tesla's domination of the driverless car market. Proof is in the charts, he said the last two SpaceX launches unleashed gains for Tesla stock.

Gordon's most recent bet on Tesla paid off. He bought the 450 call with Nov. 20 expiration and sold the 500 call in early October, an options spread that netted him $2,600.

Now, Gordon is buying the 550 call and selling the 600 call spread with Jan. 15 expiration, costing $1,300 to potentially make $3,700. A move to $600 implies 20% upside the stock was trading just below $500 on Friday.

Disclosure: Gordon holds Tesla stock outright in his portfolio.

Disclaimer

Link:

Tesla stock to rally another 20% as investors bet on Musk, trader says - CNBC

Consumer Reports is no longer recommending Tesla’s Model S and is panning the reliability of the new Model Y – CNBC

Brand new Tesla Model S cars sit on front of a Tesla showroom on August 2, 2017 in Corte Madera, California. Tesla will report second-quarter earnings today after the closing bell.

Justin Sullivan | Getty Images

Consumer Reports is no longer recommending Tesla's Model S and is panning the reliability of the new Model Y.

The Consumer Reports' annual Auto Reliability Survey, released Thursday, also dropped a Toyotabrandfrom No. 1 for the first timein 15 years, although the Japaneseautomaker's vehicles maintained high reliability scores overall.

Tesla's Model S had problems with its air suspension and main computer and touchscreen controls, according to Jake Fisher, senior director of auto testing at Consumer Reports. The Model Y had body hardware and paint problems, he said.

Consumer Reports in 2015 ranked the Model S as its top-rated vehicle ever. Now, Fisher said, "We see a variety of problems on that car. It's wavered throughout its life cycle" as Tesla has consistently updated the Model S, which was introduced in 2012.

Typically older models fare better in reliability as companies tend to address problems as the vehicles age, but Tesla has continued to update the cars without much change to their exteriors, including over-the-air, or remote, software updates an emerging trend in the auto industry led by Tesla.

Overall, Tesla ranked second to last in the reliability study. It was down two spots from a year ago due to the issues identified in the Model S and the Model Y, which went on sale earlier this year. The Model Y has "well below average reliability," the publication said.

In a recent, widely reported incident, the glass roof flew off of one owner's brand new Tesla Model Y.

Tesla Model S dual motor all electric sedan on display at Brussels Expo on January 9, 2020 in Brussels, Belgium.

Sjoerd van der Wal | Getty Images

Many of the problems identified by Consumer Reports have been ongoing for Tesla. The company notified owners of older Model S and Model X vehicles that Tesla will some refunds for repairs if the owner previously had to pay out of pocket to fix a problem in their main computers. That problem manifested as a blank touchscreen, and drivers losing access to temperature controls, rear view cameras and other glitches. It was related to memory-device failures in the computer that stores data from the vehicle.

After Tesla sent that notice to owners, the National Highway Traffic Safety Administration expanded a safety probe into the issues with the main computers in Model S and Model X vehicles made from 2012 to early 2018. Depending on results of the engineering analysis, the federal probe could prompt a mandatory recall that goes beyond Tesla's warranty adjustment. According to NHTSA documents, approximately 159,000 vehicles may have been effected.

Consumer Reports' Jake Fisher said, "We continue to recommend many reliable EVs such as the Chevrolet Bolt, Nissan Leaf, and Hyundai Kona Electric that have lower operating costs than traditional gas-powered vehicles. The initial problems we are seeing in some of the latest EVs are still covered under warranty and may improve over time. We will continue to monitor the reliability and costs of EVs over the long term as more models hit the market."

Of the 26 brands ranked in the Consumer Reports reliability survey, Japanese automakers fared the best.

For the first time, the Japanese brand Mazda ranked at the top of the nonprofit organization's reliability list. Toyota vehicles ranked second and third. Toyota products had always topped the reliability rankings since the survey began in 2005, Consumer Reports said.

Buick, Honda and Hyundai were No. 4-6 on this year's reliability list. Ford Motor's Lincoln brand, down 11 spots from a year ago, ranked last in the study, behind Tesla.

The survey, which covers the 2000-2020 model years, is based on data collected from owners of more than 300,000 vehicles. The nonprofit then assigns a predicted new-vehicle reliability score to various nameplates based on their amount of reported problems and other measures.

The reliability rating is a key element to Consumer Reports' overall score of a vehicle and whether or not it's "recommended" for consumers. The overall score also includes road-test performance, owner satisfaction survey results, whether a vehicle comes with key safety systems, and results from crash tests, if applicable.

Here are the ratings:

Correction: This story has been updated to reflect that this was the first year for the Model Y ranking in the list and the Model S fell in its standing.

Read the original here:

Consumer Reports is no longer recommending Tesla's Model S and is panning the reliability of the new Model Y - CNBC

TSLA – Tesla Inc Stock quote – CNNMoney.com

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: 2019 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc.2019. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2019 and/or its affiliates.

2020 Cable News Network. A Warner Media Company. All Rights Reserved. CNN Sans & 2016 Cable News Network.

More here:

TSLA - Tesla Inc Stock quote - CNNMoney.com

Tesla is morphing into more than a car maker – Fox Business

New Street Research managing partner Pierre Ferragu provides insight into Teslas profitability, stock and future.

Elon Musk's Teslais way more than just anelectric-car maker,according to Morgan Stanley.

That's why the firm says the stock can continue to climb, building on its 428% advance this year, as it transforms to a software/connected vehicle services provider -- the entry ticket to a much larger business.

To only valueTesla on car sales alone ignores the multiple businesses embedded within the company, and ignores the long term value creation arising from Teslas core strengths, driven by best in class software and ancillary services, wroteanalyst Adam Jonas.

Teslas services business, which includes self-driving, GPS, entertainment options, performance upgrades and more, is expected to grow significantly over the next decade.

Current revenue from services just below $1 billion, or about 1% to 2% of all sales. Jonas believes that business will reach 6% of company sales by 2030, equating to as much as 20% of EBITDA (earnings before interest, taxes, depreciationand amortization, which is a measure of a company's overall financial performance).

Teslas advantage lies in its scale and cost in EVs which will allow the company to undercut its competition in pricing its products and expand its addressable market, according to Jonas.

New services, which will be distributed to users through software upgrades, have the potential to range from increased self-driving capabilities to upgrade content to insurance.

Jonas believes the boost in services revenue will lift shares by 22% from their current level to $540 per share. His previous target was$360.

Shares could reach $1,068 apiece in a bull case scenario. Jonasalso raised his rating to overweight from equal weight.

To reach his price target, Jonas assigns the following sum-of-the-parts valuations to Teslas businesses.

Shares were higher on Wednesday after theS&P Dow Jones Indices announced on Monday that the shares will be added to the S&P 500 on Dec. 21 as part of the indexs rebalancing.

The company in the three months ended Sept. 30 posted its fifth consecutive quarterly profit, helping pave the way for its inclusion.

CLICK HERE TO READ MORE STORIES ON FOXBUSINESS

Read more from the original source:

Tesla is morphing into more than a car maker - Fox Business

Here’s How Elon Musk Is ‘Eating The Lunch’ Of Tesla’s Rivals – InsideEVs

This article comes to us courtesy ofEVANNEX, which makes and sells aftermarket Tesla accessories. The opinions expressed therein are not necessarily our own at InsideEVs, nor have we been paid byEVANNEXto publish these articles. We find the company's perspective as an aftermarket supplier of Tesla accessories interesting and are willing to share its content free of charge. Enjoy!

Posted onEVANNEX on November 20, 2020byIqtidar Ali

Honda recentlybecameanother automaker joining Fiat Chrysler in pooling regulatory credits with Tesla in Europe. European regulations now require an average of 95 grams of CO2emissions per kilometer per car that Honda (and many others) have failed to achieve.

In turn, Honda has to pay up. The beneficiary just happens to be Tesla. Tesla, it turns out, doesn't have to worry about this issue because they're an all-electric automaker and can "sell" credits to Honda and traditional automakers.

This unique situation with Honda has opened another revenue stream for Tesla that's potentially worth hundreds of millions of dollars stretching over the next few years. The financial details of the Honda-Tesla credits pooling have not been disclosed yet.

That said, Steven Mark Ryan from the YouTube channelSolving The Money Problemestimatesa ballpark figure of $100M+ per year that Tesla can expect from Honda. TheFiat Chrysler deal is far bigger the automaker has contributed $1.2 billion to Teslaprofits this year.

Also, keep in mind, Honda is ceasing the sale of its diesel-powered vehicles in Europe in 2021 as theyannounced last year. This might lower the number of zero-emission vehicles (ZEV) credits Honda needs to buy each year until the automaker reaches its goal of a fully electric lineup in Europe which, by the way, isset for 2025.

And, according to a Honda USApress-releasefrom August, theJapanese autogiant is aiming to reduce its overall fleet CO2emissions to 50% by the year 2050. It further states, "Electrification is one of the critical technologies we are deploying to further reduce greenhouse gas emissions."

Steve Westly, an early Tesla investor and former board member of the company,toldCNBC: "Tesla is eating their competitors lunch, and theyre making them pay for it. Thats a pretty cool trick."

Above:Tesla shares can go higher if you believe its more than just a car company, says former Tesla board member (YouTube:CNBC).

Eric Rosenbaum reports inCNBC, "Tesla, unlike traditional automakers, risked it all on making and selling EVs. Meanwhile, traditional car companies are required to pay up, by other means, for the choice of delaying their transition to battery electric [vehicles]."

The last thing a company wants to do is pay their competitor to eat their own lunch, said Simon Mui, deputy director of the clean vehicles & fuels group at the Natural Resources Defense Council. "They wont advertise this, but you can bet that every company, whether GM or Toyota or FCA, does not want to pay Tesla.

"All of these automakers are facing similar standards in the other largest markets, like China and Europe... Automakers are finding themselves in make-or-break moment, either shift to innovate or become irrelevant. Thats why we see the success of Tesla in market value, the NRDC analyst said.

These standards are not going down, air pollution is not reduced as a problem and governments will be ratcheting up standards over time, so one or two EV products will not be enough. They will need to have a wholesale portfolio shift in each and every product line, Mui said.

Garrett Nelson a senior equity analyst at CFRA Research does not begrudge Tesla's success in this area. "Other manufacturers dont have the EV sales Tesla has right now,"he explains.

Analysts complain and the bears question the earnings quality because so much is driven by RECs, said CFRAs Nelson. We view the credits market as operating efficiently and it is separate issue from the lack of predictability in forecasting earnings. Tesla takes all the risk and has many other hurdles to overcome and high fixed costs and it is a capital-intensive business with high barriers to entry, he said.

The big boys, the Fords and GMs, these companies are still kind of far from really getting a good high-selling electric vehicle on the market," Benjamin Leard, an environmental economist and fellow at Resources for the Future told CNBC. "They are far behind Tesla introducing popular, affordable electric vehicles... so Tesla and other companies introducing EVs will really be cashing in" for the foreseeable future.

Iflegacy automakers continue to drag their feet, Leard says, They will have to go to Tesla, and say we really need those credits, and that will bid up prices.

===

Written by:Iqtidar Ali. An earlier version of this article was originallypublished onTesla Oracle.Sources:Bloomberg,CNBC

Read more from the original source:

Here's How Elon Musk Is 'Eating The Lunch' Of Tesla's Rivals - InsideEVs

Tesla is joining the S&P 500. What Cramer and five others see ahead for the electric-auto maker – CNBC

Tesla is officially on track to join the S&P 500.

Shares of the electric-auto maker jumped more than 9% in Tuesday trading after S&P Dow Jones Indices announced the company would be added to the major market index, a long-awaited move and a triumph for Tesla bulls.

Some market watchers cheered the validation from a top index provider, while others were laser-focused on how the move could shake up the S&P.

Here's what six of them, including CNBC's Jim Cramer, said of the move:

Dan Ives, managing director at Wedbush Securities, said the electric-vehicle maker's path to profitability just received a vote of confidence:

"I don't view this as a traditional auto company. It's a disruptive technology company on the EV front. And I think that's why if you just look at the numbers, you would not get to a valuation where it is today. ... I think the one thing on this S&P 500 that's important [is] this speaks to profitability. That's why, in our opinion, they got the snub back in early September. So, this is the validation, the feather in the cap for the bulls. But no doubt, right now, [Elon Musk] has the gold touch, of course not just on Tesla but SpaceX."

Joanne Lipman, a distinguished journalism fellow at the Institute for Advanced Study and a CNBC contributor, said Tesla's inclusion spoke volumes to how the market is setting up for the future:

"Just to pull the camera back for a moment, I actually think this is a bigger story than Elon Musk and bigger than Tesla in that what we're really looking at is this confirmation, this declaration, recognition that electric vehicles are our future and that they're finally going mainstream. And you see it with every other automaker that is rushing in to try and compete with Tesla. ... So much of this has to do with the charisma of Elon Musk. ... People are trying to get the next Henry Ford. I actually think a lot about Steve Jobs. I've been around long enough to remember when he left Apple and then came back and a lot of people were scratching their heads about Apple, but the customers who bought those products were just rabid. It was a cult. They loved the charisma of the guy. But I do think that is also the big unknown with Tesla because on the one hand, you've got this charismatic guy with this massive following, but on the other hand, you have to be able to separate the company from the founder and the kind of sometimes crazy things he says. I mean, he just said a couple of weeks ago that they're going to be building 20 million cars a year within a decade. Will they? I mean, that's, like, twice as big, almost, as their largest competitor right now. And ... in March he said that Covid would be down to zero cases in April and, of course, he was just diagnosed with Covid over the weekend. So, that would be kind of the question, of separating the company from the hype and the founder, and how does it do absent that founder."

Cramer, host of CNBC's "Mad Money," said wrapping Tesla into the index effectively might be a challenge for S&P Dow Jones:

"I think they're baffled. I really don't think they know how to handle this. What do you do? You can't have the S&P 500 only have 497 companies, although I have heard people on air sometimes say there are 500 companies in the S&P. Shocker. I don't know what they would do. I mean ... they can't knock out the smalls. It doesn't do anything. When they balance this ... they almost seem to have to make everything smaller."

Aswath Damodaran, a professor of finance at New York University's Stern School of Business sometimes known as the "Dean of Valuation," shared his take on how Tesla's massive market cap would impact the index:

"You can't evade reality, which is when you've got a $400 billion company out there and you call yourself the S&P 500, how long can you hide from not having the company in your index? It was only a matter of time. So, I'm glad it's in there and I think the inclusion in the index by itself is not going to change the game with Tesla. Tesla's always had a story of its own, a life of its own, traders who basically trade based on its future, but I think it is ... about time. I'm glad it's in the index. ... I think that if we think about EV being the market of the future, it's not just Tesla that's going to benefit, to the extent that the other car companies are also making these EVs. You're going to see the market change. What the market seems to be forecasting is in that new market that's out there, Tesla will be the leader, not GM or Ford or Volkswagen. And that's a pretty solid bet at the moment. Whether it pays off in terms of a $400 billion market cap is the big question."

Tiffany McGhee, CEO, partner and co-chief investment officer of institutional client services at Momentum Advisors, saw catalysts on the horizon for Tesla:

"I think its addition to the S&P 500 is very interesting, and I think about what that means for S&P 500 index funds. They're going to have to sell positions to mimic the index. They're going to have to buy Tesla. That whole situation is interesting to me. ... When Tesla makes these really cool announcements, the stock tends to go up. So, I am a long-term investor, but it doesn't mean that I can't get in on little cool things like this."

Ritholtz Wealth Management CEO and co-founder Josh Brown, a regular on CNBC's "Halftime Report," was indifferent on the move as it related to the stock:

"If you're managing money in an index strategy, it's not like the old days where the announcement happens and you have to buy that day. They have time to get into the trade, and they knew that they would have to at some point. So, I wouldn't be surprised if there were some anticipatory trades dating back a couple of months ago when we first thought it was obvious they would have to add the company. So, they punted by a couple of months, the index committee, but ultimately I think everyone knew it was just a matter of time. So, I don't really look at that as a catalyst to want to buy it or sell it."

Disclaimer

Visit link:

Tesla is joining the S&P 500. What Cramer and five others see ahead for the electric-auto maker - CNBC

Tesla gets a spot on the S&P 500 – TechCrunch

Tesla will be added to the S&P 500, a milestone that will expand its investor base and put the electric automakerin the same company as heavyweights like Apple, Berkshire Hathaway and Microsoft.

The announcement, made Monday afternoon by the S&P Dow Jones Indices, sent shares 13.7% higher in after-market trading.Tesla will officially join the benchmark index prior to trading December 21, theS&P Dow Jones Indices said in a statement.

When Tesla joins the S&P 500, it will be among the most valuable companies on the benchmark. Its weighting will be so influential that the S&P DJI is mulling whether to add the stock at the full float-adjusted market capitalization weight all at once or in two tranches.

Tesla will be one of the largest weight additions to the S&P 500 in the last decade, and consequently will generate one of the largest funding trades in S&P 500 history, S&P DJI said in a statement. However, Tesla itself is very liquid, and adding the stock at the upcoming December quarterly rebalancing coincides with the expiration of stock options, stock futures, stock-index options, and stock-index futures, which may help facilitate the funding trade.

Joining the S&P 500 has its benefits, as investors that have index-tracked funds will be forced to buy shares. With share prices already popping, that will mean investors will have to sell other stocks to make room for Tesla. Existing investors may, in turn, want to take advantage of that demand and sell. The upshot: The traditionally volatile stock might get a bit more volatile.

The inclusion on the benchmark follows Teslas decision in August to split its shares 5 for 1.

Original post:

Tesla gets a spot on the S&P 500 - TechCrunch

Stocks making the biggest moves midday: Shopify, L Brands, Tesla, GoPro & more – CNBC

Here are the companies making headlines in midday trading:

Shopify Shares of the e-commerce company advanced 3.8% after Jefferies upgraded the stock to a buy rating. "We have a greater appreciation for SHOP's ability to deliver robust growth for the next several years and reach ~$10B of revenue in 2025," the firm wrote in a note to clients. Shares of Shopify have gained more than 145% this year.

L Brands Shares of the parent company of Victoria's Secret and Bath & Body Works rallied more than 17% after posting blowout quarterly results. The company reported earnings of $1.13 per share, topping estimates of 9 cents per share, according to Refinitiv. Revenue came in at $3.06 billion, higher than the forecast $2.67 billion. Bath & Body Works same-store sales rose 56%.

Tesla Shares of the electric vehicle company jumped more than 2% amid continued momentum after S&P Dow Jones Indices announced on Monday night that Tesla will join the S&P 500 in December. Earlier in the session Tesla hit a new all-time high of $508.61.

Sonos Shares of Sonos surged more than 29% after the company reported stronger-than-expected results for its fiscal fourth quarter. The company reported 15 cents in earnings per share, while analysts surveyed by FactSet expected 2 cents in earnings per share. Revenue came in at $339.8 million, also topping expectations of $298.7 million. Sonos said that its direct-to-consumer revenue was up 67% year over year.

Nasdaq Shares of stock exchange firm rose 1.7% after Nasdaq announced a deal to acquire Verafin, a software company which specializes in preventing financial crimes. The deal is for $2.75 billion in cash and is expected to close in the first quarter of 2021, according to the announcement.

Macy's Shares of department store retailer Macy's rose more than 2% despite reporting a same-store sales decline of more than 20% in the third quarter. Macy's posted earnings and revenue that topped analyst expectations. Macy's reported a loss of 19 cents on revenue of $3.99 billion. Wall Street was expecting a loss of 79 cents on revenue of $3.86 billion, according to Refinitiv.

Sinclair Broadcast Group Shares of the television company climbed 5.9% after Sinclair announced a naming rights deal with sports gambling company Bally's for its regional sports networks. The deal will also involve incorporating Bally's content across Sinclair's channels. Shares of Bally's gained more than 20%.

Jack in the Box The restaurant stock rose 4.8% on Thursday after the company beat Wall Street expectations for its fiscal fourth quarter. Jack in the Box reported $255.4 million in revenue, $6.2 million higher than what analysts surveyed by FactSet expected. The company's operating earnings per share also topped estimates, and Jack in the Box said restaurant traffic improved quarter over quarter.

Nuance Communications The health software stock surged 17% on the heels of a better-than-expected report for Nuance's fiscal fourth quarter. The company earned 18 cents per share and $352.9 million in adjusted revenue. Analysts from FactSet were expecting 16 cents per share and $345.9 million in adjusted revenue. Nuance also announced deal to sell off two of its health tech businesses.

GoPro Shares of the high definition camera maker dropped more than 13% after the company said it is planning to raise $100 million through the sale of senior convertible notes due in 2025. GoPro intends to use the proceeds to pay the cost of the capped call transactions as well as general corporate purposes.

CNBC's Yun Li, Maggie Fitzgerald and Pippa Stevens contributed to this story.

See the article here:

Stocks making the biggest moves midday: Shopify, L Brands, Tesla, GoPro & more - CNBC

A 4bn UK ‘mini Tesla’ choosing to list stock in US is worrying – The Guardian

Right on cue, here comes a 4bn stock market listing of a young and exciting UK electric vehicle company a mini Tesla, if you wish. Its just the thing for ministers to crow about, you might think: evidence that the UK possesses a few fast-growing tech innovators capable of injecting oomph into the governments loose 10-point sketch for a green revolution.

Theres just one drawback. Arrival, with its head office in London and operations in Oxfordshire, will not be arriving on the London Stock Exchange. It is listing in New York on Nasdaq, via injection into one of those special purpose acquisition companies, or SPACs, that are all the rage on Wall Street this year.

From Arrivals point of view, you can understand why it chose the US. Teslas gravitational pull is strong. The pool of investors wanting to punt on electric vehicle firms is bigger.

And, since Arrival intends to plant its decentralised microfactories around the world, the international profile that comes with a US listing helps. It adds to the backing Arrival has already received from Korean carmakers Hyundai and Kia.

The appeal of the SPAC model is also easy to explain. This is the structure whereby investors put up capital and then look for a target to buy. Critics deride it as blank cheque investing but the acquired companies in this case, Arrival get speed and, potentially, long-term partners.

Arrival likes the look of the financial backers assembled by Peter Cuneo, a former chief executive of the Marvel Comics company. Now a listing, and $660m (500m) of fresh capital, will be achieved in early 2021 without fuss.

One response is to shrug and say that Arrivals choice of stock market home doesnt matter. The company will keep its headquarters in the UK and sustain its research and development budget, currently 80m-100m a year, here. It can play its part in the green push. Whats the problem?

Its this: a vibrant, buzzy stock market for technology companies is a very useful asset if, like the UK, you need vast quantities of private capital to make your green revolution happen. It draws in investors and expertise and makes the process run more smoothly.

Londons stock market already risked looking leaden-footed on the green tech front but the SPAC factor from the US is new. Purists can decry SPACs as a governance abomination (scrutiny is minimal) but well be less relaxed if US investors use the fast and loose approach to shop around the world, including in the UK, for the most interesting tech firms.

SPACs are possible in the UK indeed, theyve been used. But the structure is clunkier. For starters, deals are regarded as reverse takeovers under Financial Conduct Authoritys listing rules, which slows the process. Third-party investors also dont get the same rights of refusal on a proposed acquisition, which lessens the appeal for them.

There is a potential problem here and the UKs financial establishment seems to sense it. When Rishi Sunak, the chancellor, briefly mentioned a taskforce to reform the UK listings regime during his green gilt speech last week, David Schwimmer, chief executive of the London Stock Exchange Group, leaped on the line. Hes keen for swift action to further enhance Londons reputation as a competitive and innovative place to list and raise capital.

You cant blame him. Arrival is only one company but, with a 4.1bn valuation, it would have been a short hop away from the FTSE 100 index if it had a premium listing in London. So much for the prestige of Footsie status. Instead, a US-style SPAC, seen as faddish only a year ago, got the gig. Its a worry.

Stephen Hester, chief executive of RSA, can count it as a successful innings. His shareholders will be happy with a 7.2bn takeover of the ancient insurer by Intact, of Canada, and Tryg, of Denmark the premium is 50%.

He will land a payday of up to 16m for himself on completion. And, since RSA is infinitely less exciting than post-crash Royal Bank of Scotland, his last outing, the popular prints have had fewer occasions to use that picture of him on horseback.

Whatll he do next? Lady Luck normally comes up with a future for you which isnt the one you expected, he said.

OK, but hes been chief executive of three FTSE 100 companies (the other one was British Land) and is still only 59. A fourth outing possibly never done by anyone before must be a possibility.

Read more:

A 4bn UK 'mini Tesla' choosing to list stock in US is worrying - The Guardian

From Hyundai to Tesla and BMW, battery fires turn the heat on electric cars – HT Auto

Electric vehicles (EVs), benefiting globally from a push for tighter emissions controls, are facing challenges after a global string of fires from overheating batteries.

Here are some vehicle recalls and investigations facing major EV makers worldwide.

HYUNDAI MOTOR

After 16 Kona EVs caught fire in Korea, Canada and Europe over two years, Hyundai Motor Co is expanding a recall to cover at least 74,000 of its top-selling EVs in South Korea, the United States, Europe and Canada to update its battery management system.

About 23,000 Kona EVs in South Korea have completed the software upgrade, with 800 of them found to have battery defects requiring replacement of affected modules, according to the office of lawmaker Jang Kyung-tae, which was briefed by South Korea's transport ministry.

Hyundai, in a filing to the US National Highway Traffic Safety Administration (NHTSA) in October, blamed "internal damage to certain cells of the lithium-ion battery increasing the risk of an electrical short circuit."

(Also read | Hyundai faces lawsuit over Kona EV fires)

The battery maker, LG Chem Ltd denied any cell defects, saying a joint investigation was under way.

GENERAL MOTORS

General Motors Co said last week it was recalling nearly 69,000 Chevrolet Bolt EVs worldwide that pose a fire risk after five reported fires and two minor injuries. Affected vehicles will get battery software updates, limiting charges to 90% of capacity.

In October, NHTSA opened a probe after reviewing reports of three Bolt EVs catching fire under the rear seat while parked. The probe covers 77,842 Bolt EVs from the 2017 through 2020 model years.

LG Chem is the supplier of the batteries.

FORD MOTOR

In September, Ford Motor Co recalled 20,500 Kuga plug-in hybrid EVs in Europe and suspended sales over battery fire concerns. There had been seven fires but no injuries.

Ford offered to replace the entire battery pack, saying the root cause had been identified as a battery-cell contamination issue in its suppliers production process, which could cause "serious consequences."

The Kuga setbacks forced the automaker to pool its fleet with other automakers to avoid a fine. It also delayed its US production of its plug-in electric Escape SUV, which shares the same batteries, to next year.

Samsung SDI is the battery supplier.

BMW

In the United States, Bayerische Motoren Werke AG (BMW) said it will recall 4,509 plug-in hybrid EVs, saying debris may have been able to enter battery cells during production at supplier Samsung SDI.

(Also read | Battery fires put BMW and Ford on back foot just as electric vehicles take off)

This could lead to short-circuiting and a "thermal event" which could increase the risk of an injury, BMW said, instructing drivers not to charge their vehicles.

Altogether BMW has recalled some 26,000 plug-in hybrids, mostly in Europe, over the potential battery problems.

A spokesman at Samsung SDI said an investigation is under way about the cause of the fire, declining to elaborate further.

TESLA

NHTSA said last year that it was probing potential defects in certain Tesla Inc Model S and Model X vehicles that could result in non-crash fires in the affected battery packs.

The probe was in response to a petition from an attorney representing plaintiffs in a class-action lawsuit filed against the electric car maker last year. They claim Tesla limited the battery range of older vehicles via a software update to avoid a costly recall to fix alleged defective batteries.

Japanese battery manufacturer Panasonic Corp supplies Tesla with battery cells, while Tesla turns them into battery packs.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

Read this article:

From Hyundai to Tesla and BMW, battery fires turn the heat on electric cars - HT Auto

Audi, BMW, Jaguar, MINI, and Tesla Pickups Rendered – the BMW i3 Is Too Good – autoevolution

Well, if you live in the U.S., you don't really need an answer to that question, because you already know the Ford F-150 has been the best-selling vehicle for the past God knows how many years, and you only need to step outside to notice just how many of the cars around you have a bed at the back.

The rest of the world, however, isn't sold on the idea as much. Pickups are seen as work vehicles. Well, not so much at Lease Fetcher, apparently. The British company with a mission to make leasing a car a much more enjoyable (and profitable) experience decided to give pickups a more recreational spin, using their beds to haul sporting and adventure gear instead of work-related stuff.

Well, maybe not so much their beds as their roof racks since these aren't exactly your ordinary full-size pickup trucks. No, in most cases, quite the opposite. The company commissioned an artist to convert five different premium cars into their fictional pickup equivalents, then place them in a setting that will make you want to get out of the house instantly. Glancing over the images, we'd say the graphics wizz did an excellent job on both accounts.

First up is the Audi TTS Coupe, which was turned into a camping master. With a roof-mounted tent and a trailer behind, the small German sports car becomes a snail impersonator, except this one is pretty schnell. Next is the Jaguar I-PACE, the electric crossover from the British manufacturer. Its pickup version reminds us of the Fiat Fullback for some reason, but it's worth pointing out this is fully electric. The Jag is pictured against the gorgeous backdrop of the Lake District in North West England, carrying a pair of mountain bikes. The fact it's stopped in a turn with nobody inside is a bit worrying, but we'll let that slide.

The third conversion is another electric vehicle (the second out of a total of three), one that most would consider the poster boy of the EV movement: the Tesla Model 3. Funnily enough, there actually is a Model 3-based pickup out there owned by a famous YouTuber and it doesn't look that dissimilar to this rendering.

The fourth is based on a MINI Countryman, with the pickup conversion borrowing the split tailgate of the Clubman. It carries a surfboard on a roof rack with the bed probably reserved for the wetsuits needed for a bathe in the cold waters of the English Channel.

Finally, we have the third EV and our personal favorite: the BMW i3. Who knew the German urban runabout would make such a convincing pickup truck? The conversion keeps the suicide door layout and even the rear seats, though there doesn't appear to be too much room left for them to be of any use. The limited range of the i3 was not enough to keep it from reaching the slopes in the German Alps with a set of skis on top, apparently, though leaving it in the cold with nowhere to plug in might not be such a great idea. Good thing these are just renderings and not actual pictures, then.

Continue reading here:

Audi, BMW, Jaguar, MINI, and Tesla Pickups Rendered - the BMW i3 Is Too Good - autoevolution

1st Tesla Owner To Use Teslas New, Gigantic V3 Supercharger Station In Firebaugh Shares Her Story – CleanTechnica

November 15th, 2020 by Johnna Crider

Tesla just installed a total of 56 of its new V3 superchargers in Firebaugh, California, along Interstate 5, which is the main stretch for West Coast drivers traveling between San Francisco and LA. In a conversation with the Tesla Owners of East Bay account on Twitter, I learned that the Kettleman City supercharger station is around an hour south of the new station and has 40 chargers. Three years ago, it was the biggest Tesla Supercharger station in North America. Teresa Kamakea, one of the members of the Tesla Owners of East Bay, was the very first customer to ever use the brand new supercharger. She told me in an email that both she and her daughter agreed that it was kismet, for sure.

Teresa was thrilled to even run across a V3 supercharger for the first time. Charging at a V3 charger for the first time was like seeing a unicorn to me. I belong to Tesla Owners East Bay, and the club always keeps us up to date on all that is new and exciting in Tesla, so I had been reading a lot of posts about them on our club Facebook page and was hyped up about it. But the first time Id seen a V3 charger was last night at the Kettleman City Supercharger not the new Firebaugh Superchargers.

I stopped there on my way home from helping my elderly father in Southern California. They have clearly labeled all of their 150kW and 250kW chargers and I was freaking excited because I didnt know they had the V3 chargers there they werent there the last time I went through. I got charged to 306 miles on my battery in about 30 minutes while I was walking my dog and then browsing the Tesla gear and using the bathroom myself in the lounge. That was more than enough charge to get me all the way home to Livermore without needing to stop again. That was the first time that Id used the V3 charger.

Teresas story of how she found these new Superchargers seems like something out of a fictitious adventure. Youre running an errand or something and you need to stop for a minute or are suddenly forced to take a detour, and then you find something. Its equivalent to finding a hidden bookstore off to the side in an area you probably wouldnt go in because its never crossed your mind as she said earlier, kismet.

So when I pulled into the brand new Firebaugh location just 60 miles down the road, it was not because I needed a charge. My doggie was acting like she had to go, so I was just pulling off at the first exit that looked safe, Panoche Rd exit. That is when I saw the new Tesla superchargers at Firebaugh, but I didnt know thats what it was. It wasnt on my Supercharger map and I was kinda shocked because in all of my trips Id never seen it before and you cant miss it if youre on 5. I was freakin excited to see from a distance that there were so many chargers and they all had skinny cables!!! Thats how I can tell the V3 from the V2 chargers the size of the cable. Size matters.

I asked Teresa to give me a comparison so we could show how far along Tesla has come with its Supercharging network. Teresas very first Supercharger experience was at the Bakersfield Superchargers. I remember that my screen said it would take 45 minutes to charge enough to get the rest of the way to my dads house in Temecula. That really was not enough time for me to walk my dog, go to the bathroom myself, eat, and visit with the other Tesla owners that I met that were also charging there. I didnt note or calculate how long it took to charge per kW.

She noted that the charging speed has never been a concern, with her pointing out that, obviously, she doesnt want to have to wait hours to charge, but even the older V2 superchargers would still finish charging before she was finished with her break from a long 810 hour drive.

She shared her thoughts about progress with me as well. For me, the progress Ive noticed is in the feel of the supercharger stations. At Bakersfield where I used a Supercharger for the first time, the chargers are a minority on the huge lot in comparison to all of the space that the gas pumps take up. It feels like, well, you can have a little bit of unused space here in the corner of our lot for your chargers. But the Firebaugh Supercharger station like the Kettleman City Supercharger station makes me feel like we belong and we are here to stay.

Ive always thought that if I want to know the exact numbers, it would be easy enough to look that up to calculate the difference and progress from V2 to V3 chargers. For me, the more important progress is in the growth and acceptance of Tesla.

Looking at Teresas photos that she provided for the article, I noticed something. The new V3 supercharger has both a Chevron and a Shell gas station within sight. This is brilliant, and strategic marketing by Tesla. Having a large Supercharging station catty-corner two gas stations off of a major interstate exit should be the norm for Tesla.

Looking at these photos is like seeing the future in front of you while frozen in time. One day, these gas stations will be either closed or converted into something else. As we observe this frozen moment while still in the present, it gives me an incredible sense of awe to be able to note this. One day, we will look back at this article and Teresa will say, I remember when those gas stations were there. Now theres something else.

And that something else will most likely be related to Tesla or electric vehicles.

All photos by Teresa Kamakea used with permission. Featured photo by Teresa and edited by Johnna for artistic effects. The last thing the fossil fuel industry will see before it dies is the red glow of a Tesla Supercharger.

Appreciate CleanTechnicas originality? Consider becoming aCleanTechnica member, supporter, or ambassador or apatron on Patreon.

Sign up for our free daily newsletter or weekly newsletter to never miss a story.

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Tags: California, Firebaugh, Tesla, Tesla supercharger stations, tesla superchargers, Tesla Supercharging, Tesla V3 Supercharging

Johnna Crider is a Baton Rouge artist, gem, and mineral collector, member of the International Gem Society, and a Tesla shareholder who believes in Elon Musk and Tesla. Elon Musk advised her in 2018 to Believe in Good.Tesla is one of many good things to believe in. You can find Johnna on Twitter

View post:

1st Tesla Owner To Use Teslas New, Gigantic V3 Supercharger Station In Firebaugh Shares Her Story - CleanTechnica