Bloomberg News
Tesla Slashes Deposit for China Customers to Just $143
The Tesla logo is seen outside one of the company's showrooms in Beijing, China. (Giulia Marchi/Bloomberg News)
Tesla Inc. lowered the deposit that buyers in China have to put down on its cars, seeking to keep sales momentum in the face of intensifying competition and reductions in the government’s electric-vehicle subsidies.
July 22, 2020Biden Touts Union Jobs in $2 Trillion Plan to Build Clean Energy
Democratic presidential candidate and former Vice President Joe Biden speaks during the campaign event in Wilmington, Del., on July 14. (Patrick Semansky/Associated Press)
Joe Biden unveiled plans July 14 to spend $2 trillion galvanizing a clean energy economy, with ambitions to spur millions of union jobs building the wind turbines, sustainable homes and electric vehicles needed to rapidly throttle U.S. greenhouse gas emissions driving climate change.
July 14, 2020Some Chinese Ports Are Jammed Again on Food Testing
A vessel is docked at the Yangshan Deepwater Port in Shanghai, China, on July 12. (Qilai Shen/Bloomberg News)
Intensive testing of meat, seafood and other products for the coronavirus has tripled customs clearance times at some major Chinese ports, raising concerns the delays could ensnare global trade flows.
July 13, 2020Musk Says Tesla Is ‘Very Close’ to Developing Fully Autonomous Vehicles
Elon Musk speaks during a discussion at the Satellite 2020 Conference in Washington on March 9. (Andrew Harrer/Bloomberg News)
Tesla Inc.’s Elon Musk said the carmaker is on the verge of developing technology to render its vehicles fully capable of driving themselves, repeating a claim he has made for years but been unable to achieve.
July 9, 2020Tesla Pushes China’s EV Bubble Closer to Bursting
A Tesla Model 3 moves off an assembly line during a ceremony at the company's Gigafactory in Shanghai in 2019. (Qilai Shen/Bloomberg News)
Tesla Inc.’s new Shanghai plant has churned out super-popular Model 3 electric sedans for the past six months, catapulting the company atop the sales chart and piling the pressure on cash-strapped local rivals. There was another casualty last week.
July 8, 2020Uber to Buy Postmates for $2.65 Billion to Expand Delivery
(Gabby Jones/Bloomberg News)
Uber Technologies Inc. agreed to buy Postmates Inc. for $2.65 billion to expand in food delivery after the coronavirus pandemic cratered demand for ride-hailing, its main business, and an earlier attempt to acquire Grubhub foundered.
July 6, 2020Second Virus Wave Threatens US Oil Demand Again
Vehicles drive in light traffic along Pacific Coast Highway in Santa Monica, Calif., on March 19. (Patrick T. Fallon/Bloomberg News)
After months of empty roads, lockdowns were easing, and people were getting behind the wheel again. Then the virus struck again.
June 29, 2020Chesapeake Pushed Into Bankruptcy by Plunging Energy Prices
Employees work on a Chesapeake Energy natural gas rig in Texas in November 2009. (Matt Nager/Bloomberg News)
Chesapeake Energy Corp., the archetype for America’s extraordinary shale-gas fortunes, filed for bankruptcy, becoming one of the biggest victims of a spectacular collapse in energy demand from the virus-induced global lockdown.
June 29, 2020Meat Shortages Reopen Costly Path to Small US Slaughterhouses
Angus bulls stand in pens prior to an auction in Wisconsin in April 2019. (Daniel Acker/Bloomberg News)
When coronavirus outbreaks forced shutdowns at America’s giant meat plants, it quickly created a bottleneck.
June 26, 2020China’s Virus-Safety Demand Is Latest Hurdle to Trade Deal
A crane loads a container onto a tractor-trailer truck at the Yangshan Deepwater Port in China on March 23. (Qilai Shen/Bloomberg News)
China wants international shippers of meat and soybeans to sign a document attesting their cargoes meet safety standards to ensure they aren’t contaminated with the novel coronavirus.
June 24, 2020