Read Elon Musk’s email urging Tesla employees to help with deliveries

Tesla CEO Elon Musk sent an e-mail to all employees on Thursday urging them to volunteer to help out with deliveries, no matter their role. The move is typical — Tesla execs, including Musk, usually call for “all-hands on deck” to try to meet end-of-quarter goals. However, the company is making do with fewer hands than it had to help at the fourth quarter of 2018. Tesla recently made deep cuts to its workforce with layoffs in January, and some store closures following that. But in the e-mail to


Tesla CEO Elon Musk sent an e-mail to all employees on Thursday urging them to volunteer to help out with deliveries, no matter their role. The move is typical — Tesla execs, including Musk, usually call for “all-hands on deck” to try to meet end-of-quarter goals. However, the company is making do with fewer hands than it had to help at the fourth quarter of 2018. Tesla recently made deep cuts to its workforce with layoffs in January, and some store closures following that. But in the e-mail to
Read Elon Musk’s email urging Tesla employees to help with deliveries Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: lora kolodny, silas stein, picture alliance, getty images
Keywords: news, cnbc, companies, tesla, delivery, making, employees, company, email, urging, elon, deliveries, read, teslas, musks, store, problem, musk, production, help


Read Elon Musk's email urging Tesla employees to help with deliveries

Tesla CEO Elon Musk sent an e-mail to all employees on Thursday urging them to volunteer to help out with deliveries, no matter their role.

The move is typical — Tesla execs, including Musk, usually call for “all-hands on deck” to try to meet end-of-quarter goals.

However, the company is making do with fewer hands than it had to help at the fourth quarter of 2018.

Tesla recently made deep cuts to its workforce with layoffs in January, and some store closures following that. Even more store closures are yet to come, but the company has said it is still evaluating which locations should remain.

A Tesla spokesperson said that as of the week of March 4, the company employed more than 40,000 people. In its 2018 annual report, Tesla said it had 48,817 employees. The company has not disclosed exactly how many people it has laid off this year.

Last September, Musk acknowledged Tesla’s problems had shifted to delivery logistics from production delays. He said in a tweet then, responding to a customer upset over delivery delays: “Sorry, we’ve gone from production hell to delivery logistics hell, but this problem is far more tractable. We’re making rapid progress. Should be solved shortly.”

But in the e-mail to all employees on Thursday, the CEO painted Tesla’s delivery problem as a “good one to have.” He wrote, “This is the biggest wave in Tesla’s history, but it is primarily a function of our first delivery of mass manufactured cars on two continents simultaneously, and will not be repeated in subsequent quarters.”


Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: lora kolodny, silas stein, picture alliance, getty images
Keywords: news, cnbc, companies, tesla, delivery, making, employees, company, email, urging, elon, deliveries, read, teslas, musks, store, problem, musk, production, help


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OPEC cancels April meeting, leaving price-boosting oil output cuts in place through June

When they agreed to the new production cuts in December, the so-called OPEC+ alliance said it would assess the oil market in April, two months ahead of OPEC’s usual meeting in June. The latest round of cuts have helped boost oil prices from 18-month lows this year. Falih said Monday he does not expect OPEC to leave the oil market “unguided in the second half,” Dow Jones reported. Last month, the Saudi oil minister told CNBC he was leaning toward extending the production cuts through the end of t


When they agreed to the new production cuts in December, the so-called OPEC+ alliance said it would assess the oil market in April, two months ahead of OPEC’s usual meeting in June. The latest round of cuts have helped boost oil prices from 18-month lows this year. Falih said Monday he does not expect OPEC to leave the oil market “unguided in the second half,” Dow Jones reported. Last month, the Saudi oil minister told CNBC he was leaning toward extending the production cuts through the end of t
OPEC cancels April meeting, leaving price-boosting oil output cuts in place through June Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: tom dichristopher, faisal al nasser
Keywords: news, cnbc, companies, told, output, opec, priceboosting, saudi, place, group, meeting, oil, russia, production, leaving, cancels, cuts, prices, market


OPEC cancels April meeting, leaving price-boosting oil output cuts in place through June

When they agreed to the new production cuts in December, the so-called OPEC+ alliance said it would assess the oil market in April, two months ahead of OPEC’s usual meeting in June. But on Monday, a committee tasked with monitoring the deal said “market fundamentals are unlikely to materially change in the next two months.”

The Joint Ministerial Monitoring Committee said it will next meet in May, with the full group convening on June 25 to decide whether to extend the output cuts through the end of 2019.

The latest round of cuts have helped boost oil prices from 18-month lows this year. U.S. West Texas Intermediate crude has rallied 29 percent to more than $58 a barrel, while international benchmark Brent crude is up 25 percent to about $67 a barrel.

OPEC and its allies are aiming to keep 1.2 million barrels per day off the market, but some producers are still pumping above their quotas, including Russia, the world’s second biggest oil producer.

Russian Energy Minister Alexander Novak told CNBC on Sunday that Russia will hit its target in coming weeks. He said it is premature to to discuss whether the group should continue capping output beyond June.

Falih said Monday he does not expect OPEC to leave the oil market “unguided in the second half,” Dow Jones reported. Last month, the Saudi oil minister told CNBC he was leaning toward extending the production cuts through the end of the year.

Helima Croft, global head of commodity strategy at RBC Capital Markets, says the group is likely to continue cutting production throughout 2019. However, extending the cuts will highlight divisions between Russia, where partly private companies produce oil, and OPEC members like Saudi Arabia, where state-owned energy companies underwrite the nation’s budget.

“The Russian corporates hate shutting in production. They benefit from volume. The state takes the upside of higher prices, so for them, they don’t like the agreement,” she told CNBC’s “Worldwide Exchange” on Monday.

“But for Saudi Arabia and for the rest of the OPEC producers, current prices still remain below their fiscal breakevens, so they would like to see prices a bit higher from here.”


Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: tom dichristopher, faisal al nasser
Keywords: news, cnbc, companies, told, output, opec, priceboosting, saudi, place, group, meeting, oil, russia, production, leaving, cancels, cuts, prices, market


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Shale oil drillers gave stock shareholders what they wanted, then investors punished them anyway

That trend came to a head over the last month, when many drillers cut spending and lowered production guidance for 2019. The title of a recent research note by Simmons Energy summed up the the response: “No Good Deed Unpunished.” Though it’s rallying this week, the SPDR S&P Oil & Gas Exploration and Production exchange-traded fund tumbled 8 percent between the start of the drillers’ earnings season in February and the end of last week. But it’s not as simple as saying investors sold the stocks b


That trend came to a head over the last month, when many drillers cut spending and lowered production guidance for 2019. The title of a recent research note by Simmons Energy summed up the the response: “No Good Deed Unpunished.” Though it’s rallying this week, the SPDR S&P Oil & Gas Exploration and Production exchange-traded fund tumbled 8 percent between the start of the drillers’ earnings season in February and the end of last week. But it’s not as simple as saying investors sold the stocks b
Shale oil drillers gave stock shareholders what they wanted, then investors punished them anyway Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: tom dichristopher, ty wright, bloomberg, getty images, david orrell, f carter smith, mary catherine wellons, ali mohammadi, nick oxford, mandel ngan
Keywords: news, cnbc, companies, oil, shale, shareholders, gave, week, wanted, sp, simmons, think, bit, production, investors, energy, punished, drillers, stock


Shale oil drillers gave stock shareholders what they wanted, then investors punished them anyway

“Today our dilemma is that as a sector, we have destroyed a lot of trust in the investment community over the last decade.”

That trend came to a head over the last month, when many drillers cut spending and lowered production guidance for 2019.

The title of a recent research note by Simmons Energy summed up the the response: “No Good Deed Unpunished.” Simmons analysts called the reaction from investors “nothing short of punishing.”

Though it’s rallying this week, the SPDR S&P Oil & Gas Exploration and Production exchange-traded fund tumbled 8 percent between the start of the drillers’ earnings season in February and the end of last week. During the same time, the S&P 500 rose 1.4 percent.

But it’s not as simple as saying investors sold the stocks because production growth forecasts fell, said Osmar Abib, chairman of global energy at Credit Suisse. The space is also on shaky ground because investors aren’t yet sure drillers will hold the line on spending.

“I would say it’s a bit of a ‘show me’ situation, and so one quarter isn’t long enough,” he told CNBC on the sidelines of the CERAWeek by IHS Markit energy conference in Houston. “I think investors need to see a little bit more time, a little bit more evidence, and I think there’s still concern that if oil prices go back up, that some of this discipline might erode to a certain degree.”


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: tom dichristopher, ty wright, bloomberg, getty images, david orrell, f carter smith, mary catherine wellons, ali mohammadi, nick oxford, mandel ngan
Keywords: news, cnbc, companies, oil, shale, shareholders, gave, week, wanted, sp, simmons, think, bit, production, investors, energy, punished, drillers, stock


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Saudi oil minister Khalid al-Falih says no OPEC+ output policy change until June

Saudi oil minister Khalid al-Falih said on Sunday it would be too early to change OPEC+ output policy at the group’s meeting in April and that China and the U.S. would lead healthy global demand for oil this year. Falih said the group was unlikely to change its output policy in April and if required would make adjustments in June. “We will see where the market is by June and adjust appropriately,” Falih said after a meeting with Indian oil minister Dharmendra Pradhan in New Delhi. On Jan. 1, OPE


Saudi oil minister Khalid al-Falih said on Sunday it would be too early to change OPEC+ output policy at the group’s meeting in April and that China and the U.S. would lead healthy global demand for oil this year. Falih said the group was unlikely to change its output policy in April and if required would make adjustments in June. “We will see where the market is by June and adjust appropriately,” Falih said after a meeting with Indian oil minister Dharmendra Pradhan in New Delhi. On Jan. 1, OPE
Saudi oil minister Khalid al-Falih says no OPEC+ output policy change until June Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-10  Authors: heinz-peter bader
Keywords: news, cnbc, companies, minister, khalid, saudi, change, alfalih, supply, output, policy, falih, oil, cuts, opec, production


Saudi oil minister Khalid al-Falih says no OPEC+ output policy change until June

Saudi oil minister Khalid al-Falih said on Sunday it would be too early to change OPEC+ output policy at the group’s meeting in April and that China and the U.S. would lead healthy global demand for oil this year.

The Organization of the Petroleum Exporting Countries and its allies such as Russia — known as the OPEC+ alliance — will meet in Vienna on April 17-18, with another gathering scheduled for June 25-26.

Falih said the group was unlikely to change its output policy in April and if required would make adjustments in June.

“We will see what happens by April, if there is any unforeseen disruption somewhere else, but barring this I think we will just be kicking the can forward,” Falih said.

“We will see where the market is by June and adjust appropriately,” Falih said after a meeting with Indian oil minister Dharmendra Pradhan in New Delhi.

OPEC member United Arab Emirates (UAE) said on Sunday it would continue to meet its obligations to cut supply under the producer agreement.

“We will continue to deliver on the OPEC & Non-OPEC commitment for voluntary production adjustments until the global market is re-balanced,” Minister of Energy and Industry Suhail al-Mazrouei said on Twitter.

On Jan. 1, OPEC+ began new production cuts to avoid a supply glut that threatened to soften prices. The group agreed to reduce supply by 1.2 million barrels per day for six months.

Sources recently said the most likely scenario is that the current supply cuts will be extended in June but much depends on the extent of U.S. sanctions on OPEC members Iran and Venezuela.

OPEC’s share of the cuts is 800,000 bpd, to be delivered by 11 members — all except Iran, Libya and Venezuela, which are exempt. The baseline for the reduction was in most cases their output in October 2018.

For Saudi Arabia, the world’s top oil exporter, Falih said output in April was expected to remain at this month’s level of 9.8 million bpd.

“Aramco is finalizing their April allocations today or tomorrow so we will know more on Monday. But my expectation is that April is going to be pretty much like March.”


Company: cnbc, Activity: cnbc, Date: 2019-03-10  Authors: heinz-peter bader
Keywords: news, cnbc, companies, minister, khalid, saudi, change, alfalih, supply, output, policy, falih, oil, cuts, opec, production


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Apple augmented reality glasses could start production this year: Kuo

TF International Securities analyst Ming-Chi Kuo, a respected Apple analyst with eyes on the company’s Asia supply chain, said he believes Apple will begin mass production of its head-worn augmented reality, or AR, device as soon as the fourth quarter of this year. Kuo hedges a bit in his note, however, suggesting that mass production may not begin until as late as the second quarter of 2020. “We think, due to technology limitations, that Apple will integrate its head-worn AR device and iPhone,”


TF International Securities analyst Ming-Chi Kuo, a respected Apple analyst with eyes on the company’s Asia supply chain, said he believes Apple will begin mass production of its head-worn augmented reality, or AR, device as soon as the fourth quarter of this year. Kuo hedges a bit in his note, however, suggesting that mass production may not begin until as late as the second quarter of 2020. “We think, due to technology limitations, that Apple will integrate its head-worn AR device and iPhone,”
Apple augmented reality glasses could start production this year: Kuo Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: todd haselton, brendan mcdermid, magdalena petrova cnbc
Keywords: news, cnbc, companies, reality, ar, augmented, device, apples, production, kuo, apple, iphone, glasses, headset, headworn, start


Apple augmented reality glasses could start production this year: Kuo

TF International Securities analyst Ming-Chi Kuo, a respected Apple analyst with eyes on the company’s Asia supply chain, said he believes Apple will begin mass production of its head-worn augmented reality, or AR, device as soon as the fourth quarter of this year.

Kuo hedges a bit in his note, however, suggesting that mass production may not begin until as late as the second quarter of 2020. That means the device might not launch until sometime next summer at the very earliest.

The headset, according to Kuo, will most likely sync up with an iPhone that feeds it with the data it needs to provide you information. This is how other current headsets on the market work, such as the Vuzix Blade, which syncs with Android and iPhone devices.

“We think, due to technology limitations, that Apple will integrate its head-worn AR device and iPhone,” Kuo wrote. “The former is in charge of the display, and the latter is in charge of computing, Internet access, indoor navigation, and outdoor navigation. Although there is still much room for improvement for Apple’s first-generation head-worn AR device, we believe that this product will offer an all-new user experience and define the AR user interface. If Apple’s competitors launch products related to AR in the future, they may copy Apple’s design features.”

Although Apple has not acknowledged any such device, Bloomberg reported the company was working on an augmented reality headset in November 2017.

Apple CEO Tim Cook talked a bit about the limitations of AR glasses back in 2017. “Today I can tell you that the technology itself doesn’t exist to do that in a quality way,” he said. “There have been improvements, but AR is still very limited in what it offers, largely because there’s a huge gap in the field of view inside headsets.”

Magic Leap is one such example. It lets you see the real world around you and drop digital items, like a huge big-screen TV, anywhere you want. But, while you’re looking through the glasses, the digital objects only appear in a tiny stamp-sized window.

Perhaps Apple has a solution to this problem. Cook has said he believes augmented reality is the future of computing, which is why the latest iPhones already support AR-enabled apps. Moving those apps to a headset seems like a plausible next step.


Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: todd haselton, brendan mcdermid, magdalena petrova cnbc
Keywords: news, cnbc, companies, reality, ar, augmented, device, apples, production, kuo, apple, iphone, glasses, headset, headworn, start


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Tesla doesn’t know where it will build the Model Y as it rolls out more layoffs and cost cuts

Tesla executives still have not decided where to manufacture the company’s forthcoming crossover SUV, the Model Y, according to six current and former employees. That’s one indication Tesla has barely begun planning for Model Y manufacturing, they said. Musk has already said the Model Y should cost about 10 percent more than the Model 3, which starts at $35,000. Employees say Tesla executives, including its president of automotive, Jerome Guillen, are wavering between two options for Model Y pro


Tesla executives still have not decided where to manufacture the company’s forthcoming crossover SUV, the Model Y, according to six current and former employees. That’s one indication Tesla has barely begun planning for Model Y manufacturing, they said. Musk has already said the Model Y should cost about 10 percent more than the Model 3, which starts at $35,000. Employees say Tesla executives, including its president of automotive, Jerome Guillen, are wavering between two options for Model Y pro
Tesla doesn’t know where it will build the Model Y as it rolls out more layoffs and cost cuts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: lora kolodny, mike blake, source, tesla, salwan georges, the washington post, getty images
Keywords: news, cnbc, companies, planning, model, doesnt, companys, production, truck, layoffs, unveil, executives, cost, tesla, rolls, teslas, know, cuts, build


Tesla doesn't know where it will build the Model Y as it rolls out more layoffs and cost cuts

Tesla executives still have not decided where to manufacture the company’s forthcoming crossover SUV, the Model Y, according to six current and former employees. This despite the fact the company is planning to formally unveil the vehicle for the first time on March 14 at the company’s design center in Hawthorne, California.

Two other people who work for Tesla vendors said the automaker did not contact them about working together on Model Y production until after CEO Elon Musk teased the unveiling in a tweet on March 3. That’s one indication Tesla has barely begun planning for Model Y manufacturing, they said.

Musk has already said the Model Y should cost about 10 percent more than the Model 3, which starts at $35,000.

Along with a pickup truck that Tesla plans to unveil later this year, the Model Y could ensure that Tesla’s lineup stays competitive versus offerings from other electric truck and SUV makers. Those rivals include Rivian, a newcomer funded by Amazon, and established automakers like BMW and Hyundai, who are honing in on Tesla’s territory with electric cars.

Employees say Tesla executives, including its president of automotive, Jerome Guillen, are wavering between two options for Model Y production. They are trying to decide whether Tesla should allocate space in the Gigafactory, the company’s massive battery plant outside of Reno, Nevada, or combine the Model S and Model X body lines at its car plant in Fremont, California, to make room to build the crossover SUVs.

One employee said if executives have made a decision, they haven’t given a green light to employees who will be involved in setting up the Model Y lines and eventually building the vehicles.

A Tesla spokesperson pointed to a February letter to shareholders, but declined to offer an update on Model Y planning. The letter said, “This year we will start tooling for Model Y to achieve volume production by the end of 2020, most likely at Gigafactory 1.”


Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: lora kolodny, mike blake, source, tesla, salwan georges, the washington post, getty images
Keywords: news, cnbc, companies, planning, model, doesnt, companys, production, truck, layoffs, unveil, executives, cost, tesla, rolls, teslas, know, cuts, build


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Tesla doesn’t know where it will build the Model Y as it rolls out more layoffs and cost cuts

Tesla executives still have not decided where to manufacture the company’s forthcoming crossover SUV, the Model Y, according to six current and former employees. That’s one indication Tesla has barely begun planning for Model Y manufacturing, they said. Musk has already said the Model Y should cost about 10 percent more than the Model 3, which starts at $35,000. Employees say Tesla executives, including its president of automotive, Jerome Guillen, are wavering between two options for Model Y pro


Tesla executives still have not decided where to manufacture the company’s forthcoming crossover SUV, the Model Y, according to six current and former employees. That’s one indication Tesla has barely begun planning for Model Y manufacturing, they said. Musk has already said the Model Y should cost about 10 percent more than the Model 3, which starts at $35,000. Employees say Tesla executives, including its president of automotive, Jerome Guillen, are wavering between two options for Model Y pro
Tesla doesn’t know where it will build the Model Y as it rolls out more layoffs and cost cuts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: lora kolodny, mike blake, source, tesla, salwan georges, the washington post, getty images
Keywords: news, cnbc, companies, companys, build, rolls, layoffs, doesnt, model, know, truck, cuts, unveil, production, teslas, executives, cost, planning, tesla


Tesla doesn't know where it will build the Model Y as it rolls out more layoffs and cost cuts

Tesla executives still have not decided where to manufacture the company’s forthcoming crossover SUV, the Model Y, according to six current and former employees. This despite the fact the company is planning to formally unveil the vehicle for the first time on March 14 at the company’s design center in Hawthorne, California.

Two other people who work for Tesla vendors said the automaker did not contact them about working together on Model Y production until after CEO Elon Musk teased the unveiling in a tweet on March 3. That’s one indication Tesla has barely begun planning for Model Y manufacturing, they said.

Musk has already said the Model Y should cost about 10 percent more than the Model 3, which starts at $35,000.

Along with a pickup truck that Tesla plans to unveil later this year, the Model Y could ensure that Tesla’s lineup stays competitive versus offerings from other electric truck and SUV makers. Those rivals include Rivian, a newcomer funded by Amazon, and established automakers like BMW and Hyundai, who are honing in on Tesla’s territory with electric cars.

Employees say Tesla executives, including its president of automotive, Jerome Guillen, are wavering between two options for Model Y production. They are trying to decide whether Tesla should allocate space in the Gigafactory, the company’s massive battery plant outside of Reno, Nevada, or combine the Model S and Model X body lines at its car plant in Fremont, California, to make room to build the crossover SUVs.

One employee said if executives have made a decision, they haven’t given a green light to employees who will be involved in setting up the Model Y lines and eventually building the vehicles.

A Tesla spokesperson pointed to a February letter to shareholders, but declined to offer an update on Model Y planning. The letter said, “This year we will start tooling for Model Y to achieve volume production by the end of 2020, most likely at Gigafactory 1.”


Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: lora kolodny, mike blake, source, tesla, salwan georges, the washington post, getty images
Keywords: news, cnbc, companies, companys, build, rolls, layoffs, doesnt, model, know, truck, cuts, unveil, production, teslas, executives, cost, planning, tesla


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Bloodshed, unrest and more oil disruption predicted as Nigeria re-elects its president

Nigeria’s President Muhammadu Buhari has won a second term in office after a contentious Nigerian election this weekend, but the opposition are refusing to accept the outcome and a period of uncertainty and unrest is expected to follow. That could impact the OPEC member’s oil production, according to RBC Capital Markets’ Global Head of Commodity Strategy Helima Croft. “Given the premium that the American president places on low oil prices, he will need to hope that Nigeria does not revert to pas


Nigeria’s President Muhammadu Buhari has won a second term in office after a contentious Nigerian election this weekend, but the opposition are refusing to accept the outcome and a period of uncertainty and unrest is expected to follow. That could impact the OPEC member’s oil production, according to RBC Capital Markets’ Global Head of Commodity Strategy Helima Croft. “Given the premium that the American president places on low oil prices, he will need to hope that Nigeria does not revert to pas
Bloodshed, unrest and more oil disruption predicted as Nigeria re-elects its president Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-27  Authors: holly ellyatt, pius utomi ekpei, afp, getty images, kola sulaimon
Keywords: news, cnbc, companies, oil, votes, region, president, refusing, won, bloodshed, weekend, reelects, nigeria, unrest, disruption, rbc, production, predicted, election


Bloodshed, unrest and more oil disruption predicted as Nigeria re-elects its president

Nigeria’s President Muhammadu Buhari has won a second term in office after a contentious Nigerian election this weekend, but the opposition are refusing to accept the outcome and a period of uncertainty and unrest is expected to follow.

That could impact the OPEC member’s oil production, according to RBC Capital Markets’ Global Head of Commodity Strategy Helima Croft.

“With the opposition alleging fraud and refusing to the accept the outcome, the risk of further unrest remains high in the weeks ahead, especially in the restive oil region, which was the scene of some of the worst Election Day unrest,” Croft said in a note Wednesday co-authored with RBC analysts Christopher Louney, Michael Tran and strategist Megan Schippmann.

“If this election does bring a return to militancy in Nigeria’s oil region and major infrastructure attacks, it would be a very material event for the oil market, with two OPEC countries (Venezuela and Iran) under U.S. sanctions and Saudi Arabia continuing to cut production,” they noted.

“Given the premium that the American president places on low oil prices, he will need to hope that Nigeria does not revert to past practice.”

Nigeria’s election last weekend did not run smoothly and was marred by delays, logistical problems, outbreaks of violence and deaths, and allegations of vote rigging.

Buhari, who leads the All Progressives Congress (APC), won the election with almost 15.2 million votes (or 57 percent), the country’s Independent National Electoral Commission (INEC) announced Tuesday evening. Buhari’s nearest rival, Atiku Abubakar, who heads the People’s Democratic Party (PDP), received around 11.2 million votes, or 42 percent.


Company: cnbc, Activity: cnbc, Date: 2019-02-27  Authors: holly ellyatt, pius utomi ekpei, afp, getty images, kola sulaimon
Keywords: news, cnbc, companies, oil, votes, region, president, refusing, won, bloodshed, weekend, reelects, nigeria, unrest, disruption, rbc, production, predicted, election


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Canada’s cut-price answer to Tesla just officially opened its factory in China

Vancouver-based Electra Meccanica has confirmed that larger-scale production of its single-seat budget electric car is underway at a facility in central China. The “SOLO EV” has a 100-mile range and a retail price of $15,500. Deliveries began in May 2018, with components supplied by Zongshen Industrial Group and assembled in British Columbia, Canada. Now the firm is looking to ramp up production by building in China itself and has officially opened the Zongshen facility in the province of Chongq


Vancouver-based Electra Meccanica has confirmed that larger-scale production of its single-seat budget electric car is underway at a facility in central China. The “SOLO EV” has a 100-mile range and a retail price of $15,500. Deliveries began in May 2018, with components supplied by Zongshen Industrial Group and assembled in British Columbia, Canada. Now the firm is looking to ramp up production by building in China itself and has officially opened the Zongshen facility in the province of Chongq
Canada’s cut-price answer to Tesla just officially opened its factory in China Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-26  Authors: david reid
Keywords: news, cnbc, companies, electric, factory, electra, firm, price, production, zongshen, answer, canadas, opened, solo, officially, china, 2018, tesla, facility, cutprice, total


Canada's cut-price answer to Tesla just officially opened its factory in China

Vancouver-based Electra Meccanica has confirmed that larger-scale production of its single-seat budget electric car is underway at a facility in central China.

The “SOLO EV” has a 100-mile range and a retail price of $15,500. The three-wheeler can be charged at a regular household socket in under 6 hours.

Deliveries began in May 2018, with components supplied by Zongshen Industrial Group and assembled in British Columbia, Canada. Now the firm is looking to ramp up production by building in China itself and has officially opened the Zongshen facility in the province of Chongqing.

Electra said in a statement Monday that it expects to produce approximately 50 SOLO EVs in the quarter ended March 31, 2019 before accelerating to a total of 5,000 cars by year-end.

“I am proud of our strategic partners at Zongshen, who have provided us with a state-of-the-art production facility and a highly-skilled production team to make the Electra Meccanica SOLO EV a reality,” said Jerry Kroll, CEO of Electra Meccanica.

The company is also developing the Tofino, a two-seater electric roadster sports car and in November 2018, the company said total vehicle pre-orders exceeded 64,000 units, representing $2.4 billion in potential sales. The majority of these orders were for the as-yet unbuilt Torfino.

The company’s first U.S. dealership opened in Los Angeles in 2018 as the firm looks to target California’s early adoption of electric cars.

With a market cap of just $126 million, shares in the firm now trade on the NASDAQ. They have been highly volatile over the last 52-weeks, hitting a low of 90 cents and a high of $8.25. As at Tuesday morning, the latest price was $3.89.

WATCH:Elon Musk’s big ambitions may be killing Tesla


Company: cnbc, Activity: cnbc, Date: 2019-02-26  Authors: david reid
Keywords: news, cnbc, companies, electric, factory, electra, firm, price, production, zongshen, answer, canadas, opened, solo, officially, china, 2018, tesla, facility, cutprice, total


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Obama production company hires MTV, ESPN and FX Networks veterans for Netflix projects

More details are emerging about a production partnership between Netflix and Barack and Michelle Obama. The company, called Higher Ground Productions, is already staffed by veterans of MTV, ESPN and FX Networks and will produce projects that empower “new and diverse voices.” The Obamas announced last year they signed a multiyear deal with Netflix for scripted and unscripted films and series. They’re veterans in the industry. “Our goal isn’t just to make people think—we want to make people feel a


More details are emerging about a production partnership between Netflix and Barack and Michelle Obama. The company, called Higher Ground Productions, is already staffed by veterans of MTV, ESPN and FX Networks and will produce projects that empower “new and diverse voices.” The Obamas announced last year they signed a multiyear deal with Netflix for scripted and unscripted films and series. They’re veterans in the industry. “Our goal isn’t just to make people think—we want to make people feel a
Obama production company hires MTV, ESPN and FX Networks veterans for Netflix projects Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-26  Authors: sara salinas, getty images
Keywords: news, cnbc, companies, mtv, tonia, production, espn, obama, theyre, voices, hires, networks, team, michelle, fx, statement, netflix, projects, veterans


Obama production company hires MTV, ESPN and FX Networks veterans for Netflix projects

More details are emerging about a production partnership between Netflix and Barack and Michelle Obama.

The company, called Higher Ground Productions, is already staffed by veterans of MTV, ESPN and FX Networks and will produce projects that empower “new and diverse voices.” The Obamas announced last year they signed a multiyear deal with Netflix for scripted and unscripted films and series.

Priya Swaminathan and Tonia Davis will serve as co-heads of the company, joined by creative executive Qadriyyah “Q” Shamsid-Deen.

“They’re masterful storytellers. They’re veterans in the industry. And they not only bring their unique perspectives and life experiences to every project, but they’re committed to finding new voices who have their own stories to tell,” President Barack Obama said in a statement. “Michelle and I couldn’t be more excited about the team we’re assembling.”

“Our goal isn’t just to make people think—we want to make people feel and reach outside of their comfort zone,” Michelle Obama said in the statement. “With their thoughtfulness, creativity and empathy, we know that Priya, Tonia and Q will find the common thread within every story to inspire us to be something more. I’m thrilled about this team as professionals—and as people. They’re wonderful.”

WATCH: How streaming companies are battling for your living room


Company: cnbc, Activity: cnbc, Date: 2019-02-26  Authors: sara salinas, getty images
Keywords: news, cnbc, companies, mtv, tonia, production, espn, obama, theyre, voices, hires, networks, team, michelle, fx, statement, netflix, projects, veterans


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