Nasdaq hits all-time high after data shows record jobs growth in US July 2, 2020 Wall Street surged on Thursday, with the Nasdaq hitting an all-time high as strong US jobs data and renewed hopes of a coronavirus vaccine buoyed equities. The FTSE 100 also rose on optimism over a possible vaccine, ending the session 1.34 per cent up. The midcap FTSE 250 added 1.04 per cent. Read more: Primark [...]
Tesla shares accelerate as car deliveries top estimates July 2, 2020 Shares in Tesla popped eight per cent as trading began today, after it posted second-quarter delivery numbers that surpassed expectations. Tesla delivered 90,650 vehicles during the quarter, above estimates of 74,130 vehicles, according to Refinitiv data. It delivered 80,050 units of its new Model Y sport utility vehicle and Model 3 sedan for the quarter. [...]
Tesla surpasses Toyota to become world’s most valuable carmaker July 1, 2020 Electric carmaker Tesla today became the world’s most valuable automobile manufacturer, eclipsing Toyota to take the crown. Tesla’s market value is now at $208bn, as shares rose more than five per cent to reach record highs of $1,132 earlier today. In comparison, Toyota was worth approximately $202bn following a small drop in its Japan-listed shares [...]
Tesla to pay Musk $1m for lawsuit insurance policy July 1, 2020 Tesla has said it plans to bring an end to an unusual insurance arrangement with its chief executive, which safeguards its board members against lawsuits, after a final payment of $1m. Tesla’s chief executive Elon Musk has been personally indemnifying the firm’s board, after he said in April that he believed insurance premiums from other [...]
Confession of an ESG sceptic: How I learned to stop worrying and love ESG June 30, 2020 For a long time, it would be fair to say I have been brutally sceptical about Environment, Social and Governance (ESG) investment. However, the Covid-19 crisis has turned ESG from a trendy investment fashion to something that matters. My scepticism began with the fact that ESG was an unbalanced concept. Too many people focus only [...]
Advisers join forces in bid to oust Tesla chairwoman June 18, 2020 Proxy adviser Glass Lewis has joined ISS in recommending that investors vote against the re-election of Robyn Denholm as chairwoman of Tesla’s board. Glass Lewis said it was concern was related to corporate governance, due to an insurance arrangement with chief executive Elon Musk after Tesla’s decision to not renew its directors and officers’ liability [...]
Tesla revs up in China as car registrations boom June 15, 2020 Car registrations for US electric carmaker Tesla jumped 150 per cent month on month in May, as China gets back on track after lockdown. Tesla’s China registrations, including cars that were imported, grew to 11,565 in May from 4,633 units in April. Data from the China Passenger Car Association publisuhed today showed sales of Tesla’s [...]
Will hydrogen fuel the UK’s net-zero coronavirus comeback? June 12, 2020 As the UK begins to take its first cautious steps out of the lockdown that has precipitated the worst economic crisis in modern history, thoughts have inevitably begun to turn to the question of what comes next. For some, the devastation wreaked by the coronavirus pandemic gives the UK a chance to fundamentally reset its [...]
Clean technologies and climate policy: the global financial crisis and Covid-19 June 3, 2020 A lot has changed for clean technologies since the global crisis in 2008. As investors in climate change, this is hugely encouraging. It is striking just how much has changed for clean technologies and climate policy between the financial crisis in 2008 and the one we face today. As climate change investors, this gives us [...]
SpaceX mission nears International Space Station after historic launch May 31, 2020 SpaceX’s Dragon astronaut capsule is due to dock at the International Space Station this afternoon after yesterday’s historic launch. At about 8:30 yesterday evening, NASA astronauts Doug Hurley and Bob Behnken blasted off from Florida’s Cape Canaveral launchpad in the US’ first manned space mission in nine years. The mission is also the first ever [...]