This story originally published on October 2, 2018. The company set a placeholder target of $1 billion, which could value the company between $25 and $30 billion, according to its SEC filing. That amount would mark the third largest Chinese IPO to list in the United States since the beginning […]

The company delivered 83,500 vehicles during the third quarter, a strong performance that should calm investor fears about logistical problems and a looming cash crunch. That included almost 56,000 of the lower-priced Model 3. Production was a bit below that number: Tesla said it built about 53,000 Model 3s. But […]

Stadler has left the board of management of Audi parent company Volkswagen (VLKAF) and stepped down as chairman of the premium brand’s management board, the autos group said in a statement Tuesday. “Due to his ongoing pretrial detention, he is unable to fulfill his duties as a member of the […]

That’s what Howard Marks, co-chairman of Oaktree Capital, told CNNMoney editor-at-large Richard Quest on “Markets Now” on Wednesday. “Defense is more important than offense” right now, said Marks, the author of “Mastering the Market Cycle: Getting the Odds on Your Side.” Investors should consider taking a stake in utilities, and […]

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