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Tesla has begun to take pre-orders for its Model 3 in European countries. In February, Tesla will start deliveries of the Model 3 electric cars in the Model 3 modification. After issuing a permit from the Traffic Control Directorate (RDW) in the Netherlands, the company will launch Model 3 sales all over Europe without receiving permission to deliver to each individual country. Tesla is still waiting for permission from RDW, although pre-orders in European countries are already open. The company also announced plans to reduce 7% of jobs to reduce costs. Elon Musk hopes that the launch of cheap versions of cars will bring greater profits than the expensive version of Model 3.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
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