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"The suggested population decline occurred immediately after the Storegga tsunami occurred," Patrick Sharrocks, the lead author on the paper detailing the research, told Business Insider via email. Evidence of the Storegga tsunami has been found in Norway, England, Denmark, Greenland, and Scotland, including the Shetland Islands. Yet it's coarser than the finer sand found elsewhere attributed to the Storegga waves. AdvertisementNumerical models "can reconstruct the Storegga tsunami but can never be fully representative of past events," Sharrocks said. Future British tsunamisFor years, scientists thought the Storegga tsunami was a unique event.
Persons: , Patrick Sharrocks, aren't, Marc Guitard, Sharrocks, Dave Tappin Organizations: Service, Business, University of York, University of Leeds, Howick, British Geological Survey, BBC Locations: Norway, Europe, Howick , Northumberland, England, Denmark, Greenland, Scotland, Shetland, Howick, British, Britain
A lawyer for a writer who says Donald Trump sexually abused her in the 1990s and then defamed her while president in 2019 said Saturday that the infamous “Access Hollywood” tape and two women who accused Trump of abuse will not be put before a New York jury considering defamation damages. Trump attended the trial for two of its first three days, only skipping it on Thursday, when he attended the funeral of his mother-in-law in Florida. Both women testified at the trial that ended last May. Trump, 77, has denied her claims in the last week during campaign stops, on social media and at a news conference. However, Kaplan said she does plan to show the jury statements Trump has made since her client finished testifying in the case on Thursday.
Persons: Donald Trump, Trump, Roberta Kaplan, Jean Carroll, Carroll, Kaplan, Natasha Stoynoff, Jessica Leeds, doesn't, , Organizations: Republican, New, Trump, Leeds Locations: New York, Manhattan, New Hampshire, Florida, Stoynoff, Leeds, Trump
"When you see the news of a Wall Street employee or any highly paid professional dying this way, it obviously wakes you up." Wall Street is all about relationships, which often means spending big money to show people a good time. "That's been the Wall Street playbook for many, many years, and I don't think it has changed." On the other side of the coin is Wall Street, where a history of drug use can haunt working professionals for years. AdvertisementLaird thinks Wall Street firms could learn a thing or two from other industries when it comes to their response to addiction.
Persons: Rudy Giuliani, It's, Joe, I'm, Anna Lembke, Streeters, biohacking, Wall, couldn't, Rudolph Giuliani, Getty John Battaglia, Spear, Goldman Sachs, " Battaglia, Goldman, Adderall, Jaime Blaustein, Blaustein, Sylvia Brafman, Zyn, who's, JAMES ARTHUR GEKIERE Denise Shull, hasn't, Shull, , Artur Widak, they've, Ray Donovan, AGNES BUN, Battaglia, Ross Peet, Betty, Lembke, Leonardo DiCaprio, Paramount Pictures Trey Laird, Laird, Trey, That's, Peet Organizations: Business, New York Times, Wall, psychedelics, Stanford, Addiction, Mental Health Services Administration, Bettmann, Leeds, Kellogg, Sylvia Brafman Mental Health, BI, Citadel, Getty, National Institute on Drug Abuse, Credit Suisse, Traders, Bank of America, New, Betty Ford Foundation, Street, Paramount Pictures, Needham & Co, Treatment, Industry Locations: Manhattan, New York, Brussels, Silicon Valley, California, Arlington , Virginia, New York City, Bank, New Canaan , Connecticut
“Anybody who understands the physics knows that.”Hansen’s words have heft — he is widely credited as the first scientist to publicly sound the alarm on climate change in the 1980s. Climate change is fueling storms in both the summer and winter. The year came within a whisker of breaching 1.5 degrees, according to data from the Copernicus Climate Change Service. “For all practical purposes we are only going to be looking at 1.5 degrees in the rearview mirror,” he said. Why 1.5 mattersFew scientists will dispute that the world faces a daunting path to limit warming to 1.5 degrees.
Persons: James Hansen, Lauren Owens Lambert, I’ve, Jim, , Michael Mann, Hansen, Friederike Otto, , it’s, Niño, Hurricane Idalia, Joe Raedle, ” Otto, , Storm Daniel, Karim Sahib, Bill McGuire, ” McGuire, Chris Smith, El Niño, Mann, Samantha Burgess, Copernicus, Otto said, ’ ” Smith, “ we’ve, McGuire, Otto Organizations: CNN, Getty, University of Pennsylvania, Imperial College London’s Grantham Institute, , United, Hurricane, University College London, University of Leeds Locations: Hampton , New Hampshire, AFP, United States, Europe, Tarpon Springs , Florida, Paris, Libya's, Derna, kilter
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWhen members of Congress leave their jobs, many of them become even wealthier than they were before. The former congressman was also paid a $35,000 salary by Hercules Pharmaceuticals, a drug distributor based in the district. As a member of Congress, Suozzi faced scrutiny from congressional investigators for failing to disclose stock transactions on time. AdvertisementAdditionally, Pilip reported owing between $100,000 and $250,000 to the IRS, which her amended disclosure says has now been fully paid off.
Persons: , Daniel Schuman, Tom Suozzi, George Santos, Mazi, Suozzi, Tom, Richard Leeds, Jay Jacobs, Pilip, Santos, Kathy Hochul, Schuman Organizations: Service, Business, Capitol, POPVOX Foundation, Long Island Democrat, New York's, Republican, Capitol Hill, Suozzi Consulting, Global Industrial, Hercules Pharmaceuticals, New York Democratic, The New York Times, Times, Intelligence Technology Solutions, Gov, BI Locations: New York, Bitcoin Pilip, Nassau County, Bitcoin
A 42-year old man got naked and dived into a Bass Pro Shop aquarium in Alabama. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA 42-year-old man was arrested in Leeds, Alabama after diving into a Bass Pro Shop aquarium naked, according to local police, WAFF 48 News reports. The man crashed his car, disrobed, and executed a daring plunge into the store's massive aquarium on Thursday night. This story is available exclusively to Business Insider subscribers.
Persons: , Paul Irwin Organizations: Service, Leeds Police, Business Locations: Alabama, Leeds , Alabama, Birmingham
OKLAHOMA CITY (AP) — An iconic chief of the Cherokee Nation, Wilma Mankiller, inspired countless Native American children as a powerful but humble leader who expanded early education and rural healthcare. A public ceremony honoring Mankiller’s legacy is set for Tuesday in Tahlequah in northeast Oklahoma, where the Cherokee Nation is headquartered. The rollout of the Barbie doll featuring Mankiller wearing a ribbon skirt, black shoes and carrying a woven basket has been met with conflicting reactions. I didn't know it was coming.”Olaya also wonders how her mother would feel about being honored with a Barbie doll. “I have a warm feeling about the thought of my granddaughters playing with a Wilma Mankiller Barbie,” she said.
Persons: Wilma Mankiller, Mankiller’s, Mankiller, , , Chuck Hoskin, Mattel, ” Hoskin, “ Wilma Mankiller, ” Mankiller, Bessie Coleman, Black, Angelou, Ida B, Wells, Jane Goodall, Madam C.J, Walker, Wilma Barbie, ” Stacy Leeds, Regina Thompson, doesn't, , ” Thompson, Wilma, ” Mattel, Devin Tucker, Charlie Soap, Kristina Kiehl, Kiehl, “ Regrettably, Felicia Olaya, Olaya, ” Olaya, ‘ I’m, Diana, “ I’m, Wilma Mankiller Barbie Organizations: OKLAHOMA CITY, Cherokee, Cherokee Nation, Indian, Mattel, Arizona State University, Associated Press, AP, Cherokees Locations: toymaker, Tahlequah, Oklahoma, Mankiller, American
Type-Be stars, nicknamed "vampire" stars, are believed to strip the mass of a nearby star. Type-Be stars, characterized by their large size and surrounding rings of gas, are a subset of type-B stars , which are very hot, bright, and blue. The nickname "vampire stars" comes from the most accepted theory of how type-Be stars form rings, researchers said in the study — by sucking the metaphorical neck of an intergalactic victim. AdvertisementThe team observed the type-Be stars by comparing the positions of various stars over longer and shorter periods. However, the team was surprised to learn that they were detecting a higher rate of binary systems for type-B stars than for type-Be stars.
Persons: , Jonathan Dodd, de Mink, thrall, Dodd Organizations: Service, Royal Astronomical Society, ESO, University of Leeds, European Space Agency
OpenAI logo is seen in this illustration taken, February 3, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 20 (Reuters) - OpenAI's staff has threatened to quit the artificial intelligence startup and join former boss Sam Altman at Microsoft's (MSFT.O) new division unless the board resigns, according to a letter seen by Reuters. Apart from Chief Technology Officer Mira Murati, Chief Data Scientist Ilya Sutskever and Chief Operating Officer Brad Lightcap, about 500 members of OpenAI staff said they would resign, a person familiar with the matter told Reuters. OpenAI did not immediately respond to a Reuters request for comment. Reporting by Akash Sriram in Bengaluru; Editing by Shweta Agarwal and Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.
Persons: Dado Ruvic, Sam Altman, Mira Murati, Ilya Sutskever, Brad Lightcap, OpenAI, Akash Sriram, Shweta Agarwal, Anil D'Silva Organizations: REUTERS, Reuters, Thomson Locations: Microsoft's, Bengaluru
[1/4] Britain's Chancellor of the Exchequer Rishi Sunak visits the pathology labs at Leeds General Infirmary, to show how yesterday's budget is supporting those affected by coronavirus (COVID-19), in Leeds, Britain March 12, 2020. Danny Lawson/Pool via REUTERS/File photo Acquire Licensing RightsLONDON, Nov 20 (Reuters) - Prime Minister Rishi Sunak was quoted as saying the government should "just let people die" during the COVID-19 pandemic rather than impose a second national lockdown, the inquiry into how Britain handled the crisis heard on Monday. Patrick Vallance, who was the government's chief scientific adviser during COVID, made a note in his diary on Oct. 25, 2020, about a meeting involving then Prime Minister Boris Johnson and Sunak, who was finance minister. Vallance quoted Cummings in his diary as saying: "Rishi thinks just let people die and that's okay. A spokesman for Sunak said the prime minister would set out his position when he gives evidence to the inquiry "rather than respond to each one in piecemeal".
Persons: Rishi Sunak, Danny Lawson, Patrick Vallance, Boris Johnson, Sunak, Dominic Cummings, Johnson's, Vallance, Cummings, Rishi, Johnson, Andrew MacAskill, Elizabeth Piper, Christina Fincher Organizations: Britain's, Leeds General Infirmary, Thomson Locations: Leeds, Britain
Every morning, Mohammed Al Muhandes wakes up in a hotel in Leeds, England, and wonders how to pass the day. Along with dozens of other asylum seekers, he eats the same breakfast each morning, then returns to his room or walks in a nearby park. Asylum seekers in Britain are not allowed to work. Mr. Al Muhandes, 53, who has a master’s degree in mechanical engineering, tries to stay busy, taking free classes and spending time in a local nature reserve, but he has waited almost five months for a decision on his case. While he is overwhelmingly grateful to have escaped conflict in his home country, Yemen, the uncertainty is hard.
Persons: Mohammed Al Muhandes, Al Muhandes Locations: Leeds, England, Britain, Yemen
AdvertisementAdvertisementThere's no reason to cancel your travel plans to Iceland, despite the country warning of potentially dangerous volcanic activity happening within the next few hours or days, experts told Insider. Iceland declared a state of emergency after an unexpected acceleration of activity at Iceland's Fagradalsfjall volcano near the town of Grindavik. It is always difficult to know exactly how a volcanic eruption will develop, but the latest developments in the peninsula took volcanologists by surprise, McGarvie said. While the Reykjanes peninsula was known to have volcanic activity, and its volcano had had fairly mild eruptions over the past decade, this activity accelerated drastically since mid-October. "It is not something that's ever been observed in Iceland, certainly monitored in Iceland, in the last few decades," he said.
Persons: , Dave McGarvie, Raul Moreno, Andrew Hooper, Lionel Wilson, Hooper, McGarvie Organizations: Service, University of Lancaster, Emergency Management, , Getty, Geophysics, Leeds, University of Leeds, Planetary Sciences, Lancaster University, UK's Science Media, Icelandic, Iceland Google Locations: Grindavik, Iceland, Eyjafjallajökull, Reykjavik, tktktk
But that shouldn't affect your travel plans, though the Blue Lagoon may be off-limits, experts said. AdvertisementAdvertisementThere's no reason to cancel your travel plans to Iceland, despite the country warning of potentially dangerous volcanic activity happening within the next few hours or days, experts told Insider. Iceland declared a state of emergency after an unexpected acceleration of activity at Iceland's Fagradalsfjall volcano near the town of Grindavik. It is always difficult to know exactly how a volcanic eruption will develop, but the latest developments in the peninsula took volcanologists by surprise, McGarvie said. "It is not something that's ever been observed in Iceland, certainly monitored in Iceland, in the last few decades," he said.
Persons: , Dave McGarvie, Raul Moreno, Andrew Hooper, Lionel Wilson, Hooper, McGarvie Organizations: Service, University of Lancaster, Emergency Management, , Getty, Geophysics, Leeds, University of Leeds, Planetary Sciences, Lancaster University, UK's Science Media, Icelandic, Iceland Google Locations: Grindavik, Iceland, Eyjafjallajökull, Reykjavik, tktktk
Last month smashed through the previous October temperature record, from 2019, by a massive margin, the EU's Copernicus Climate Change Service (C3S) said. The record-breaking October means 2023 is now "virtually certain" to be the warmest year recorded, C3S said in a statement. "When we combine our data with the IPCC, then we can say that this is the warmest year for the last 125,000 years," Burgess said. The only other time before October a month breached the temperature record by such a large margin was in September 2023. Michael Mann, a climate scientist at University of Pennsylvania, said: "Most El Nino years are now record-breakers, because the extra global warmth of El Nino adds to the steady ramp of human-caused warming."
Persons: Akhtar Soomro, Samantha Burgess, Copernicus, C3S, Burgess, Michael Mann, El, El Nino, Piers Forster, Kate Abnett, Jan Harvey Organizations: REUTERS, Rights, Union, El, University of Pennsylvania, El Nino, University of Leeds, Thomson Locations: Jacobabad, Pakistan, Rights BRUSSELS, El Nino, Libya, South America
REUTERS/Mike Blake Acquire Licensing RightsNov 8 (Reuters) - Lyft (LYFT.O) reported third-quarter revenue and profit surpassing estimates on Wednesday, but gross bookings growth was lower than larger rival Uber's (UBER.N) ride-hailing business. "Softening macro conditions will likely impact Lyft more than its larger peer, Uber," said Angelo Zino, senior equity analyst at CFRA Research. Brewer added that an improved mix of airport rides, scheduled rides and priority pickups also helped margin expansion. Lyft forecast current-quarter adjusted core profit, a key profitability metric closely watched by investors, of $50 million-$60 million, higher than expectations of $48.8 million, according to LSEG data. Lyft said it expects fourth-quarter revenue to grow in mid-single-digits sequentially, compared with market expectation of 4.6% growth, according to Reuters calculations.
Persons: Uber, Mike Blake, Gross, Lyft, Angelo Zino, YipitData, Erin Brewer, Brewer, Akash Sriram, Krishna Chandra Organizations: REUTERS, CFRA Research, Reuters, Thomson Locations: California, Los Angeles , California, U.S, Bengaluru
CNN —Of all 14,669 varieties of plants and animals found in Europe that were registered on the International Union for Conservation of Nature’s Red List of Threatened Species by the end of 2020, one-fifth of them face the risk of extinction, a new analysis has found. The thousands of species found in Europe that appear on the Red List account for nearly 10% of the continent’s total biodiversity, according to the paper. IPBES originally estimated that 1 million plant and animal species across the world were at risk of extinction, including about half a million insect varieties, based on inferences from Red List data. The data on invertebrates provided by the new analysis suggests the number of species threatened with extinction globally is actually closer to 2 million, Hochkirch said. Hochkirch said he hopes the analysis will spur further conservation action for insects and other threatened species in Europe.
Persons: , Axel Hochkirch, Hochkirch, Gerardo Ceballos, Ceballos, ” Ceballos, David Williams, ” Williams, Williams Organizations: CNN, International Union for Conservation, National Museum of, IUCN, of Ecology, National Autonomous University of Mexico, Intergovernmental, Services, IPBES, University of Leeds, Agriculture Locations: Europe, Luxembourg
More than 1,400 Israelis were killed in the assault, and more than 240 were taken hostage, according to a count by Israeli officials. The Ministry of Health in Ramallah says more than 10,000 Palestinians have died in the military campaign launched in response by Israel. On October 31, an Israeli airstrike targeting Hamas commanders and infrastructure in Gaza’s largest refugee camp, Jabalya, left catastrophic damage and killed many. Both the cause of the blast and casualty figures are contested – the Gaza health ministry said 471 died, while an initial US intelligence assessment said the number of dead was between 100 and 300. The Palestinian Ministry of Health in Ramallah has reported 192 health workers have been killed and 113 health-care facilities hit.
Persons: don’t, , Israel, Ibrahim Biari, CPJ, , Arlene Getz, ” Getz, Getz, Organizations: CNN, Hamas, Health, Palestinian Ministry of Health, Gaza, UN, Human Rights, Israeli Defense Forces, IDF, World Health, Al, Islamic Jihad, WHO, Protect Journalists Locations: Israel, Ramallah, Gaza, Ukraine, Gaza’s, Ahli, Russia, Ampatuan, Maguindanao, Philippines
REUTERS/Mike Blake/File Photo Acquire Licensing RightsNov 6 (Reuters) - Lyft's (LYFT.O) price cuts may have helped the ride-hailing firm make a small dent in Uber's (UBER.N) U.S. market share, but not enough to prevent the bigger rival from reporting its second quarterly operating profit. Reuters GraphicsFor Lyft, which under new boss David Risher has signaled a more aggressive pricing strategy, market share wins have been slow. Lyft's share has risen just 200 basis points to 29% since January, when the price war started, YipitData said. "If Uber wants to take more market share quicker from Lyft, it could lower prices. Reuters GraphicsBut Uber's growth has slowed.
Persons: Mike Blake, Lyft, David Risher, YipitData, Uber, Adam Ballantyne, that's, Christopher Vandergrift, Akash Sriram, Shinjini Organizations: San Diego State University, REUTERS, Reuters, Cambiar Investors, Columbia Threadneedle Investments, Thomson Locations: San Diego , California, U.S, Bengaluru
Last year was 1.26 degrees Celsius (2.27 degrees Fahrenheit) warmer and this year is likely to blow past that, according to scientists. Even though the carbon budget looks to run out early in the year 2029, that doesn’t mean the world will instantly hit 1.5 degrees warmer than pre-industrial times. People should not misinterpret running out of the budget for 1.5 degrees as the only time left to stop global warming, the authors said. “If we are able to limit warming to 1.6 degrees or 1.65 degrees or 1.7 degrees, that’s a lot better than 2 degrees. Lamboll said limiting warming to 1.5 degrees is technically possible, but politically is challenging and unlikely.
Persons: that’s, “ It’s, we’re, , Robin Lamboll, Lamboll, Valerie Masson, Christopher Smith, Bill Hare, Glen Peters, Norwegian CICERO, Piers Forster, ” ___ Read, Seth Borenstein Organizations: United Nations, Imperial College of London, University, Leeds, University of Leeds, Twitter, AP Locations: Paris, Delmotte, Dubai, Norwegian
Oct 30 (Reuters) - 3D metal-printing startup Seurat Technologies on Monday hinted at potentially going public in the medium-term and said it had raised $99 million in a funding round co-led by chip designer Nvidia's (NVDA.O) venture capital arm. With the latest series C funding round, the company's valuation will approach $350 million, said a source who asked not to be named. The fundraise, co-led by Nvidia's NVentures and Capricorn's Technology Impact Fund, brought in new investors Honda Motor (7267.T) and Cubit Capital. Existing backers including Porsche and venture capital units of Xerox Holdings (XRX.O) and General Motors Co (GM.N) also participated. "Seurat's local factory deployment model provides the industry with a solution to near-shore manufacturing and to increase the resiliency of supply chains," said existing investor Porsche Automobil Holding's (PSHG_p.DE) board member Lutz Meschke.
Persons: Seurat, James DeMuth, Nvidia's NVentures, Porsche Automobil, Lutz Meschke, Akash Sriram, Devika Organizations: Technologies, Reuters, Technology, Honda Motor, Cubit, Porsche, Xerox Holdings, General Motors Co, Siemens Energy's, Thomson Locations: China, Massachusetts, Bengaluru
Leeds fined by FA after fan push on Newcastle's Howe
  + stars: | 2023-10-23 | by ( ) www.reuters.com   time to read: +1 min
Oct 23 (Reuters) - Leeds United have been fined 40,000 pounds ($48,924) after Newcastle United manager Eddie Howe was pushed by a supporter who ran into the technical area during the Premier League game at Elland Road in May, the FA said on Monday. The fan was sentenced to 12 weeks in prison and banned for life by Leeds following the incident in the 2-2 draw on May 13. Leeds were also warned as to their future conduct, the FA added in a statement, with 20,000 pounds of the fine suspended until the end of the 2024-25 season. "Leeds United admitted that they failed to ensure their spectators ... conduct themselves in an orderly fashion and don't use words or behaviour which are improper, offensive, violent, threatening, abusive, insulting or provocative," the FA said. ($1 = 0.8176 pounds)Reporting by Anita Kobylinska in Gdansk; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.
Persons: Eddie Howe, Anita Kobylinska, Ken Ferris Organizations: Leeds United, Newcastle United, Premier League, Elland, Leeds, Thomson Locations: Gdansk
MANCHESTER, England (AP) — Bobby Charlton, an English soccer icon who survived a plane crash that decimated a Manchester United team destined for greatness to become the heartbeat of his country's 1966 World Cup-winning team, has died. “Sir Bobby was a hero to millions, not just in Manchester, or the United Kingdom, but wherever football is played around the world,” United said. “There was always one great hope — the return to greatness of my beloved club,” Charlton said. The biggest prize of his club career arrived in 1968 as United became the first English club to become champion of Europe. But Charlton is perhaps best known for being part of the England team that won the World Cup.
Persons: — Bobby Charlton, Charlton, Wayne Rooney, “ Sir Bobby, ” United, , Sir Bobby, Alex Ferguson, ” “ Bobby Charlton, ” Ferguson, George Best, Denis Law, United, Busby, , Bill Foulkes, Rooney, Ryan Giggs, , David Beckham, Ferguson, Queen Elizabeth II, ” Robert Charlton, Bobby, Jack, ” Charlton, Robert —, Charlton’s, Matt Busby groaning, Duncan Edwards, Eusebio, Bobby Charlton, Nobby Stiles, Marcus Rashford, Norma, ___ Organizations: Manchester United, United, England, , Portugal, West Germany, Wigan, Irish, Waterford, Best, Charlton, Leeds, Red Star Belgrade, FA, Benfica Locations: MANCHESTER, England, United, Manchester, United Kingdom, Munich, Preston, Old Trafford, United’s, Ashington, Germany, Europe, Portugal
Two dead as Scotland hit by severe flooding after Storm Babet
  + stars: | 2023-10-20 | by ( ) www.reuters.com   time to read: +2 min
[1/5] Emergency services assist in the evacuation of people from their homes in Brechin, amid floods during "Storm Babet", in Scotland, Britain October 20, 2023. Britain's national weather forecaster, the Met Office, issued its first red warning for rain since February 2020, predicting some locations would see as much as 250 millimetres (9.84 inches). "This is an exceptional event, and we are likely to continue to see significant impacts with the potential for further flooding," Met Office Chief Meteorologist Andy Page said. The Met Office also has amber and yellow weather warnings in place for much of England. Local emergency services said there were no reported injuries.
Persons: Russell Cheyne, Storm Babet, Andy Page, Angus, Kylie MacLellan, William James, Michael Holden Organizations: REUTERS, Met Office, Police Scotland, Office, Southern Electricity Networks, Angus, Met, Leeds Bradford Airport, Thomson Locations: Brechin, Scotland, Britain, England
Tesla's Cybertruck is displayed at Manhattan's Meatpacking District in New York City, U.S., May 8, 2021. REUTERS/Jeenah Moon/File Photo Acquire Licensing RightsOct 18 (Reuters) - Tesla (TSLA.O) CEO Elon Musk on Wednesday warned of difficulties in ramping up production of the automaker's much-awaited Cybertruck electric pickup truck and announced that deliveries would begin on Nov. 30. The Cybertruck is expected to challenge Rivian's (RIVN.O) R1T, Ford's (F.N) F-150 Lightning and General Motors' (GM.N) Chevrolet Silverado EV in the hot market for electric pickup trucks. Musk said he wanted "temper expectations" for the truck, adding the company could face "enormous challenges" in ramping up production and making it cash-flow positive. "But I think that they're giving us an indication of the capacity they're going to make available for the Cybertruck as production ramps up."
Persons: Elon Musk, Rivian's, Musk, Tesla, Seth Goldstein, Akash Sriram, Jamie Freed Organizations: Meatpacking, REUTERS, General Motors, Silverado EV, Morningstar, EV, Thomson Locations: New York City, U.S, United States, Texas, Bengaluru
"I don't think the price cuts are over, mainly for the reason that demand is still weak," said Thomas Martin, senior portfolio manager at Tesla shareholder Globalt Investments. Tesla has already cut U.S. prices of its Model 3 compact sedan and Model Y SUV in October. The slump will continue into the fourth quarter and margins could dip below 15%, said Wells Fargo analyst Colin Langan. However, that likely falls short of offsetting the price cuts," Langan said. Tesla slashed the technology's price by a fifth in August and analysts said that more cuts could be on the cards.
Persons: Florence, China's, Thomas Martin, Elon Musk, Tesla, Wells, Colin Langan, Langan, Musk, Gary Black, Akash Sriram, Aditya Soni, Sayantani Ghosh, Arun Koyyur Organizations: Fair for Trade, Services, REUTERS, HK, Globalt Investments, Reuters, Visible Alpha, Fund, Reuters Graphics Reuters, Thomson Locations: Beijing, China, Europe, MEXICO, Nuevo Leon, Mexican, Bengaluru
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