Time and money are largely interchangeable terms. - Winston S. Churchill

Manufactures

Elon Musk bets on new batteries for Tesla

Elon Musk bets on new batteries for Tesla

More than half of the Tesla electric cars produced in the first quarter were equipped with lithium-iron-phosphate (LFP) batteries. In production, the new "batteries" are a cheaper counterpart to the lithium-nickel-cobalt version. The popularity of iron in battery production is growing amid problems with nickel supplies, exacerbated by

Germany is ready to support the EU ban on Russian oil, if it is gradual

Germany is ready to support the EU ban on Russian oil, if it is gradual

Also, official sources close to the discussion of the issue say that Germany is seeking a transition period in the embargo on Russian energy resources.

Boeing - stock price plummeted to 2020 levels

Boeing - stock price plummeted to 2020 levels

The company reported a much worse than analysts expected, posting a net loss of more than $2 per share. "It's only gotten worse. what we think will really worry investors is that we keep getting MORE bad news," wrote Vertical Research Partners analyst Rob Stallard. Boeing

Renault will transfer its stake in Avtoframos to NAMI, said Denis Manturov, head of the Ministry of Industry and Trade

Renault will transfer its stake in Avtoframos to NAMI, said Denis Manturov, head of the Ministry of Industry and Trade

A stake in Avtoframos plant in Moscow will be handed over to Moscow authorities. It will be a "deal for a ruble" with the option to buy back shares within 5-6 years, said Manturov. Manturov: If Moscow plant of Renault is transferred to Moscow it will not be

Biden bans sales of outdated incandescent bulbs

Biden bans sales of outdated incandescent bulbs

The Biden administration announced new energy efficiency rules Tuesday. They involve phasing out outdated light bulbs, which will reduce electricity consumption and reduce greenhouse gas emissions from the nation's energy sector. The Department of Energy rules, which repeal Trump administration policies, ban the sale of light bulbs that

PepsiCo suffers $500 million loss because of Ukraine crisis

PepsiCo suffers $500 million loss because of Ukraine crisis

The price of the geopolitical situation around Russia and Ukraine for foreign producers continues to rise. PepsiCo reported on problems with production in the region on Tuesday. Back in March, the company said it was ready to cut gross sales of products such as Pepsi and 7Up in Russia. But

Gazprom does not confirm that gas supplies to Poland have already been suspended

Gazprom does not confirm that gas supplies to Poland have already been suspended

Earlier, we quoted an ICIS analyst as saying that Polish operator PGNiG itself has stopped gas supplies. Poland is now obliged to pay for gas supplies to Russia under the new payment procedure.

Italy considers temporary nationalization of Lukoil's refinery in Sicily

Italy considers temporary nationalization of Lukoil's refinery in Sicily

Earlier, representatives of Russia said that nationalization of Russian companies would entail a mirror response.

Tesla Shares Shocked: Quotes Fall 10%

Tesla Shares Shocked: Quotes Fall 10%

Investors are pondering how Musk will pay for his Twitter purchases. According to Bloomberg, Musk has only $2 billion in cash. Market participants assume that Musk will have to sell Tesla stock.

Ford ramps up production of F-150 Lightning in pursuit of dominance in the electric pickup market

Ford ramps up production of F-150 Lightning in pursuit of dominance in the electric pickup market

One of the largest automakers intends to become a leader in the market of mass-produced electric pickups. Ford CEO Jim Farley said the company plans to scale production faster than competitors. Ford expects to ramp up production capacity in Michigan to 150,000 units a year from the current 40,