: Tesla will have capacity to produce about 2 million cars a year, double what it can today, by the end of 2022, according to Wedbush analyst Daniel Ives.European shares closed higher on Tuesday, taking heart from strong Wall Street gains, even as omicron worries persisted with France tightening curbs and COVID-19 cases surging in Spain and Britain.
The blue-chip CSI300 index rose 0.7 per cent to 4955.96, while the Shanghai Composite Index gained 0.4 per cent to 3630.11. On the same day, the finance ministry said China will roll out fiscal policies proactively to stabilise economic growth, vowing that the impact of the drive would be felt earlier than usual.Bitcoin extended losses, deepening its December decline and veering from risk assets such as stocks and junk bonds that continued to notch gains.
Matt Maley, chief market strategist for Miller Tabak + Co., said it’s strange to see cryptocurrencies selling off into year-end because many have been big winners in 2021 despite recent bouts of turbulence. But institutional investors might be behind this week’s declines, he said. Located in Ordos in the coal-rich northwestern region of Inner Mongolia, the plant will eventually have four generating units, and is designed to deliver power to the eastern coastal Shandong province via a long-distance ultra-high voltage grid.
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Source: FinancialReview - 🏆 2. / 90 Read more »