Elon Musk, the CEO of Tesla, anticipates a 20% increase in vehicle sales for the upcoming year. He indicated that this rise will be supported by “affordable vehicles” and the “emergence of autonomy.”
Musk’s projection exceeds Wall Street’s predictions, which forecasted a 15% growth in deliveries to 2.04 million units for the next year, as reported by FactSet.
His remarks followed Tesla’s impressive third-quarter performance, during which the company slightly fell short of revenue expectations. Following this news, Tesla’s shares rose by over 10% in after-hours trading.
Meanwhile, Boeing’s machinists voted against a new labor agreement, prolonging a strike that has already lasted more than five weeks. The proposed contract included a 35% wage increase over a four-year period.
The vote resulted in a 64% rejection late Wednesday.
Tesla anticipates strong growth ahead
The ongoing strike has largely halted Boeing’s aircraft manufacturing operations.
According to the latest figures from the National Association of Realtors, existing home sales fell last month, marking the slowest pace since October 2010. The seasonally adjusted annual rate indicates 3.84 million units sold, reflecting a 1% decrease compared to the previous month.
Year-over-year, this represents a 3.5% drop. “Home sales have remained relatively stagnant at about a four-million-unit rate for the last year,” stated Lawrence Yun, the association’s chief economist. “However, there are developments typically linked to increased home sales.”
Alex Sherman interviewed NBA Commissioner Adam Silver.
This was part of the first episode of a new video series from a sports media organization. They talked about the NBA’s separation from its media rights partner, TNT, as well as potential officiating changes that could impact the game in the future.
Lastly, they discussed strategies to enhance revenue for the WNBA.
