The NHTSA is now investigating two fatal accidents involving Teslas in Florida. In the latest incident, a Model 3 wound up under a truck's trailer, resulting in its roof being completely sheared off. The Tesla kept going for over 500 yards after the accident before coming to a stop.
Over the last 48 hours, several big names in the American mall industry said they will be slashing store counts to the tune of over 300 stores. Vacancy rates at US malls were 9% in the fourth quarter of 2018, up from 8.3% the year prior.
Toyota sales were weighed upon by weak demand for its RAV4 compact SUV. Deliveries fell 12.5% for the model as overall sales fell 5.2% in February. Honda saw sales of its Pilot SUV fall 8.8%. Nissan saw deliveries of its Rogue crossover SUV plunge 16%.
After Tesla's "anticlimactic" news dump on Thursday, it reportedly held a very material sounding secretive conference call where only select members of the media and investment community were invited.
TD Bank saw its provision for loan losses move to C$850 million, which was up 23% from the year prior. CIBC also saw its provisions rise - more than doubling across the bank to C$338 million.
JL Warren says that the first tranche of financing for Tesla will carry a 3.9% interest rate, below the People's Bank of China benchmark rate of 4.35%.
Some of the rare works being offered as part of the “Hidden Treasures: Impressionist & Modern Masterpieces from an Important Private Collection” sale, have not made public appearances in over three decades.
A corporate-insider-based econometric model constructed by University of Michigan finance professor Nejat Seyhun is predicting that the S&P 500 is going to be 3.9% lower from today's levels in one year's time.
...it all but assures that Tesla will have to fork over $920 million in cash to handle a March 1 convertible debt maturity, as the company's stock remains below the VWAP conversion price of $359.87.
“It’s disheartening and ominous that the highest law enforcement officer in the state is threatening legal action over something the First Amendment makes clear can’t give rise to criminal action against a reporter.”
