Tesla posted 112,000 vehicles delivered in the fourth quarter, beating out Wall Street's expectations of 106,000 vehicles delivered. Shares of the automaker are up about $10 in pre-market trade as Wall Street reacts to the news, which seems to be adding fuel to the ongoing short squeeze fire that has seen Tesla shares rocket over the last several months.
It isn't just the automobile industry that, globally, has been mired in recession. We have also noted the stunning collapse in heavy duty trucking orders over the last 18 months, as the industry continues to deal the consequences of aggressive over-ordering in 2018 and a domestic economy that simply isn't supporting growth Class 8 trucks like it once did. For instance, we reported just two weeks ago that trucking company Navistar had cut more than 1,300 jobs.
220 buildings in New York must now take protective measures after a woman was killed by a piece of a facade that fell off a 17 story building near Times Square...
