• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Bruce Kamich
    • Doug Kass
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Investing
  3. / U.S. Equity

Tesla Produced A Record Number of Vehicles in Q3, Report Says: LIVE MARKETS BLOG

Tesla produced 80,000 vehicles in the quarter, according to electrek.
By TONY OWUSU
Oct 1, 2018 Updated Oct 01, 2018 | 12:03 PM EDT
Stocks quotes in this article: PFE, TSLA

Tesla Produced A Record Number of Vehicles in Q3, Report Says

Tesla (TSLA) shares are jumping double digits on news that CEO Elon Musk has reached a settlement with the SEC that will allow him to remain as the controversial head of the electric vehicle maker. 

However, even better news may be coming down the pike after a report from Electrek that says Tesla produced a record 80,000 vehicles in the third quarter, including 53,000 Model 3's. Tesla had previously estimated that it would produce between 50,000 and 55,000 Model 3's. 

Tesla is expected to release the official numbers later today. 


Saudi Arabia Shelves $200 Billion Solar Energy Project

Saudi Arabia announced that it is shelving its $200 billion renewable energy plan with SoftBank Group, a project that would have been the world's largest solar-power-generation pact. 

When completed, the project would have been capable of producing about 200 gigawatts of energy, more than three times the country's daily energy needs. 

Instead, the country is now working on what it calls a broader, more practical strategy to boost renewable energy, the Wall Street Journal reports. 


Two-Thirds of Polled Economists Foresee Economic Recession by 2020

A survey of 51 economists by the National Association for Business Economics revealed that two-thirds of economists believe that a recession will start by the end of 2020. 

10% of polled economists see that contraction beginning in 2019, with another 56% saying 2020 and 33% saying 2021 or later. 

41% said that trade policy presented the largest downside risk, while 18% said higher interest rates would be the culprit. 


Pfizer CEO Will Step Down at Year's End

Pfizer (PFE) will lose CEO Ian Read at the end of the year when he steps down and hands the company over to deputy Albert Bourla. 

Read will serve as the company's executive chairman indefinitely effective January 1. 

Pfizer has some storms on the horizon with the U.S. patent loss of its drug Lyrica at the end of the year. The drug generated $3.5 billion in U.S. sales last year. 

"The company has come out of the abyss it was in, and is really poised for growth," Read told the Wall Street Journal. "Given my age, it's time for me to move on."


Premarket

U.S. futures are rising ahead of Monday's open after the U.S. and Canada reached a last minute deal on NAFTA, saving a key trade agreement with our neighbor to the north. 

Dow futures were rising 0.78%, indicating an open 207 points higher, while S&P futures rose 0.62%, indicating an open 18 points higher, and Nasdaq futures gained 0.73%, indicating an open 56 points higher. 

In Asia, the Shanghai Composite gained 1.06%, while the Hang Seng rose 0.1%, and the Nikkei rose 0.52%.

In Europe, the FTSE 100 gained 0.07%, the DAX rose 0.58%, and the CAC 40 rose 0.34% with about four hours left in trading. 

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.
TAGS: Investing | U.S. Equity

More from U.S. Equity

When Not Just Any Dividend Stock Will Do

Bob Ciura
May 28, 2022 12:30 PM EDT

These 3 high-yield stocks are also attractive on a total return basis.

Look in the Basement for Bargains, If You Dare

Jonathan Heller
May 27, 2022 10:30 AM EDT

The ranks of companies trading below NCAV has been somewhat barren for a while, but you never know what you'll discover 'down there.'

How I'm Approaching Stocks and Bonds After the Fed Minutes

Peter Tchir
May 26, 2022 12:19 PM EDT

I see three key takeaways from Wednesday's FOMC release.

The Bounce Is On: Here's What I've Been Buying

James "Rev Shark" DePorre
May 26, 2022 11:28 AM EDT

The big question now is how far can this run?

Is It Time to Put Money to Work?

Guy Ortmann
May 26, 2022 10:15 AM EDT

Two key indexes have come off their previous negative implications.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 10:58 AM EDT JAMES "REV SHARK" DEPORRE

    This Weekend on Real Money

    The tremendous power of the sell button.
  • 02:46 PM EDT STEPHEN GUILFOYLE

    We're Shedding Some of This Holding on Strength

    Check out the Stocks Under $10 portfolio here!
  • 11:33 AM EDT PETER TCHIR

    Thoughts Ahead of the Fed Minutes

    Recent economic and earnings issues are convincing...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2022 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login