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Tesla Sales Slip as It Readies Factories for New Models

China Company Reports Electric and Hybrid Vehicles Factories and Manufacturing Production Tesla Motors Inc

Tesla Sales Slip as It Readies Factories for New Models

Analysts expected a decline in sales for the quarter. Still, the dip may raise concerns about flagging demand.

By Jack Ewing

Oil Prices Jump on Extension of Production Cuts by Saudi Arabia and Russia

Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries Prices (Fares, Fees and Rates) Production Russia Saudi Arabia

Oil Prices Jump on Extension of Production Cuts by Saudi Arabia and Russia

The move reflected renewed efforts by the two major exporters to bolster the price of crude.

By Stanley Reed

Saudi Arabia to Extend Oil Production Cut by a Month

China Economic Conditions and Trends Embargoes and Sanctions International Trade and World Market Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries Prices (Fares, Fees and Rates) Production Russia Russian Invasion of Ukraine (2022) Saudi Arabia Stockpiling United States

Saudi Arabia to Extend Oil Production Cut by a Month

The kingdom said its move to reduce oil production by one million barrels a day would continue through September.

By Clifford Krauss

Tesla’s Profit Rose in the Second Quarter After Big Price Cuts

Batteries BYD Co Ltd China Company Reports Discount Selling Electric and Hybrid Vehicles Europe Ford Motor Co General Motors Musk, Elon Prices (Fares, Fees and Rates) Production Rivian Automotive LLC Scaringe, R J Shanghai Automotive Industry Corp Sports Utility Vehicles and Light Trucks Tesla Motors Inc United States

Tesla’s Profit Rose in the Second Quarter After Big Price Cuts

Elon Musk’s electric car company is facing intensifying competition from newer Chinese automakers and established Western car companies.

By Jack Ewing