Tuesday Morning Briefing: Tesla’s tense sprint fails to convince Wall St

Tesla

A tense and short-tempered Chief Executive Elon Musk barked at engineers on the assembly line, weekend shifts were mandatory and workers were pulled from other departments. According to employees who spoke to Reuters, Telsa pulled out all the stops in the final week of June to meet its goal of making 5,000 Model 3s in a week.

However, Tesla’s burning the midnight oil to hit the long-elusive Model 3 target failed to convince Wall Street that the electric carmaker could sustain that production pace, sending shares down 2.3 percent yesterday.

For Tesla to really cruise, Musk needs to prove he can durably master the nuts and bolts of manufacturing, writes Breakingviews associate editor Antony Currie.

Reuters Business  @ReutersBiz

⚡ Tesla hits Model 3 target, Musk says it's now a 'real car company' https://t.co/vCsvvwZsxP

6:42 PM - July 2, 2018

World

Rescuers raced to pump water from a cave in northern Thailand as forecasted heavy rain threatened to complicate efforts to free a young soccer team found trapped for 10 days, an ordeal officials warned they may have to bear longer.

Malaysian anti-corruption agents arrested former Prime Minister Najib Razak today following a probe into how money went missing from a state fund he founded almost a decade ago. Authorities said he would be charged in court tomorrow.

U.S. Secretary of State Mike Pompeo will leave for North Korea on Thursday seeking agreement on a plan for the country’s denuclearization, despite mounting doubts about Pyongyang’s willingness to abandon a weapons program that threatens the United States and its allies.

Commentary: Trump and Putin should start small at their July 16 summit, write former U.S. ambassadors William Courtney and Kenneth Yalowitz. While Moscow's actions on crucial matters like Ukraine, Syria and election interference cannot be ignored, they "may find it easier to make concrete progress if they start with lower profile issues" like renewed cultural exchanges and diplomatic expulsions.

Reuters Top News  @Reuters

Two Reuters journalists have been detained in Myanmar since Dec. 12, 2017. See our full coverage: https://reut.rs/2yPnwus

5:54 AM - July 3, 2018

Sponsored by Barclays: Job security in the robot economy As machine learning and AI become more commercially viable, will humans be replaced in the workplace? We don’t think so. Find out why.

top stories on reuters.com

Trump moves to block China Mobile's U.S. entry on security concerns

The U.S. government has moved to block China Mobile from offering services to the country’s telecommunications market, recommending its application be rejected because the firm posed national security risks.

5 min read

Famous brother aside, Randi Zuckerberg has life lessons too

You have no doubt heard the name Zuckerberg. But what you may not know is that the family has more than one media mogul around the holiday dinner table.

4 min read

Cake and conversation with the pope

Philip Pullella brought three digital recorders and a cake made with leftover bread to his exclusive two-hour interview with Pope Francis in the pontiff’s private residence on June 17.

5 min read
Polina Ivanova  @polina__ivanova

Turns out Putin's close friend, #Russia billionaire Timchenko, sold his private jet after it was grounded by U.S. sanctions. The ultimate buyer? Russia's sovereign wealth fund. #scoop with Rinat Sagdiev. https://reut.rs/2KvUzsA

10:13 AM - Jan 10, 2018

Top Stories on Reuters TV

Trump meets with Supreme Court contenders

national   1:29

Federer leaves Nike, signs $300M deal with Uniqlo

sports   0:52
 

Minibox 3 Column Blogger Template by James William at 2600 Degrees