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Tesla delays plan to restore Shanghai output to pre-lockdown levels -memo

SHANGHAI, May 16 (Reuters) - Tesla Inc TSLA.O has delayed a plan to restore production at its Shanghai plant to levels before the city's COVID-19 lockdown by at least a week, according to an internal memo seen by Reuters. The U.S. electric car maker originally aimed to increase output at its Shanghai plant to 2,600 cars a day from May 16, Reuters r
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Elon Musk says Twitter legal team told him he violated an NDA

May 14 (Reuters) - Elon Musk on Saturday tweeted Link that Twitter Inc's TWTR.N legal team accused him of violating a nondisclosure agreement by revealing that the sample size for the social media platform's checks on automated users was 100. "Twitter legal just called to complain that I violated their NDA by revealing the bot check sample size is
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Wall Street rallies, weekly losing streak continues

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Twitter drops as Musk puts purchase deal on hold * S&P, Nasdaq post longest weekly losing streaks in over a decade * Dow's longest weekly losing streak since 1980 * Indexes up: Dow 1.47%, S&P 2.39%, Nasdaq 3.82% (Updates with closing pric
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Wall Street ends tumultuous week with broad rally

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) (Updates to market close) By Stephen Culp NEW YORK, May 13 (Reuters) - Wall Street rallied to end higher on Friday, capping a week of wild market gyrations as relief at signs of peaking inflation vied with fears that policy tightening by th
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Wall Street rallies at end of roller coaster week

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Twitter drops as Musk puts purchase deal on hold * All major indexes on course for steep weekly losses * Indexes up: Dow 0.5%, S&P 1.38%, Nasdaq 2.67% By Stephen Culp NEW YORK, May 13 (Reuters) - Wall Street rallied on Friday, ending a we
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Assisted driving systems struggle with collision tests - study

By Joseph White DETROIT, May 12 (Reuters) - Assisted driving systems installed in Tesla Inc TSLA.O , Hyundai Motor Co 005380.KS and Subaru Corp 7270.T vehicles failed to avoid head-on collisions in testing done by AAA, though Tesla's Autopilot system did slow the vehicle to a walking speed before striking an oncoming, foam model of a car. The AAA,
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British Business - May 12

May 12 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Tesla Inc TSLA.O Chief Executive Elon Musk faces scrutiny from the U.S. Securities and Exchange Commission over disclosure of Twitter Inc TWTR.N stake. Link - The
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Futures rise ahead of key inflation data

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Futures up: Dow 0.83%, S&P 1.10%, Nasdaq 1.45% May 11 (Reuters) - U.S. stock index futures rose on Wednesday ahead of monthly inflation data, which is likely to offer investors clues on how aggressively the Federal Reserve could raise int
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Tesla exports first cars from Shanghai since reopening plant - media

SHANGHAI, May 11 (Reuters) - Tesla Inc TSLA.O on Wednesday made its first exports from China since reopening its Shanghai factory on April 19, as a shipment of 4,767 cars left for Slovenia, the government-backed media outlet Shanghai Observer reported. The Glovis Splendor vehicle carrier left port early on Wednesday, bound for the Slovenian port of
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British Business - May 11

May 11 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Tesla Inc's TSLA.O factory in Shanghai has scaled back production after being hit by supply chain problems, only three weeks after work restarted there. Link - Pf
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Investors think unlikely Musk buys Twitter at agreed $44 bln price

May 10 (Reuters) - The stock market took the view for the first time on Tuesday that it was unlikely that Elon Musk will acquire Twitter Inc TWTR.N for $44 billion, as he originally agreed. The implied probability of the deal closing at that price fell below 50% when Twitter shares hit $46.75, based on the $54.20 deal price and Twitter's shares hav
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Tesla stutters under tighter Shanghai lockdown; Beijing keeps hunting COVID

By David Stanway and Martin Quin Pollard SHANGHAI/BEIJING, May 10 (Reuters) - Tesla operated its Shanghai plant well below capacity on Tuesday, showing the problems factories face trying to ramp up output under a tightening COVID-19 lockdown, while China's capital kept up its fight with a small but stubborn outbreak. Many of the hundreds of compani
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Wall Street Journal - May 10

May 10 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Elon Musk said his plans for Twitter Inc TWTR.N are aligned with new European Union rules aimed at compelling social-media companies to do more to police illegal content, after his initial
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China's Geely buys stake in Renault Korea, eyeing US exports

By Norihiko Shirouzu and Heekyong Yang May 10 (Reuters) - China's Geely Automobile 0175.HK will buy just over a third of Renault's RENA.PA Korea unit for roughly $200 million, potentially helping it boost U.S. exports, and freeing up funds for the French automaker to invest in its electric business. Renault, which can assemble 300,000 vehicles a ye
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Chaos at Apple supplier Quanta shows strains of Shanghai COVID lockdown

SHANGHAI, May 8 (Reuters) - Quanta Shanghai Manufacturing City would seem like an ideal site to implement China's "closed-loop" management system to prevent the spread of COVID that requires staff to live and work on-site in a secure bubble. Sprawled over land the size of 20 football fields, the campus houses factories, living quarters for 40,000 w
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Wall Street Journal - May 6

May 6 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Bausch + Lomb Corp BLCO.TO priced its IPO at $18 a share, falling short of expectations as it became the first big company in months to try going public into a turbulent stock market. Link -
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New York Times business news - May 5

May 5 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - Bank of America BAC.N is paying $10 million to settle a regulator's claim that it illegally helped some creditors strip funds out of its customers' accounts, the Consumer Financial
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Canada in 'active discussions' with EV supply chain companies - minister

By Steve Scherer OTTAWA, May 4 (Reuters) - Canada is talking to a number of companies interested in setting up production in the electric vehicle (EV) supply chain, the industry minister said, as the government seeks to cut carbon emissions to net zero by 2050 and play a role in the shift toward greener cars. There are "very active discussions with
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Wall Street Journal - May 4

May 4 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Tesla Inc TSLA.O CEO Elon Musk, who has agreed to take Twitter Inc. TWTR.N private in a $44 billion deal, has told potential investors he could return the social-media company to public owne
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China COVID hard line eats into everything from Teslas to tacos

SHANGHAI, May 2 (Reuters) - When Tesla's TSLA.O Shanghai plant and other auto factories were shut over the last two months by emergency measures to control China’s biggest COVID-19 outbreak, the burning question was how quickly they could restart to meet surging demand. But with the Shanghai lockdown grinding into its fourth week, and similar mea
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