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☆ World’s top climate scientists issue ‘survival guide for humanity,’ call for major course correction
▼ + stars: | 2023-03-20 | by ( Sam Meredith | ) www.cnbc.com time to read: +6 min

The 1.5 degrees Celsius temperature threshold is widely recognized as crucial because so-called tipping points become more likely beyond this level. In short, our world needs climate action on all fronts — everything, everywhere, all at once. But it will take a quantum leap in climate action." He added, "In short, our world needs climate action on all fronts — everything, everywhere, all at once." "Climate justice is crucial because those who have contributed least to climate change are being disproportionately affected," said Aditi Mukherji, one of the 93 authors of this Synthesis Report.

☆ S&P, Moody's positive on Saudi Arabia's non-oil reforms
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: +1 min

March 17 (Reuters) - S&P Global on Friday raised its sovereign rating on Saudi Arabia to "A/A-1", citing expected reform and diversification plans to boost development of the kingdom's non-oil sector and shift dependence away from oil. Rival ratings agency Moody's also said that Saudi Arabia's plans will support it amid volatile oil price cycles and a global transition to sustainable energy. Moody's changed its outlook on the kingdom to "positive" from "stable", and reaffirmed its "A1" rating. Saudi Arabia's reform plans complement its "longstanding position as the world's largest oil exporter, with spare installed capacity providing it the ability to adjust production swiftly when market conditions change, in the current environment of reasonably strong global energy prices," S&P said. The ratings agency, which previously had a "A-/A-2" rating on Saudi Arabia, forecast a slow rise in the kingdom's oil production through 2026.

The SFDR defines sustainable investment as contributing to "an environmental or social objective", assessed by indicators such as use of raw materials or production of waste. The people Reuters spoke to said discrepancies among fund portfolios reflected a lack of clarity from the Commission over what constitutes a sustainable investment. Reuters GraphicsReuters GraphicsTEMPERATURE GAUGEMSCI, the finance industry data provider, has developed a way of checking on investment funds' green credentials with its ESG Implied Temperature Rise tool. Among them, for example, are BlackRock's Sustainable Energy Fund, Nordea's Global Climate and Environment Fund and Pictet's Global Environmental Opportunities Fund. "The characterisation of what constitutes a sustainable investment under the SFDR is also a concept that needs further clarifications at European level."

☆ Tesla a 'screaming buy' or bellwether for zombie stocks? The bulls and bears state their case
▼ + stars: | 2023-03-08 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Tesla's stock closed at $193.81 on Monday — 49.2% off its 52-week high, compared to an average drop of 18% among its peers, according to FactSet. Over the year so far, Tesla shares are up around 57%, but looking ahead, analysts are divided on the company's prospects. The bears: 'Bellwether' for zombie stocks Apart from the recent price cuts, Tesla has hinted at a cheap, next-generation model that would cost $25,000. David Trainer, CEO of investment research firm New Constructs, said that it's "nosebleed high because the cash flow expectations baked into the stock price are unreasonably optimistic." And you look at the relative growth to large cap tech companies and it's a screaming buy," he said.

☆ Tesla prepares for its next production hell
▼ + stars: | 2023-03-02 | by ( Jonathan Guilford | ) www.reuters.com time to read: +3 min

Demand woes are already threatening Tesla’s breakneck growth: cars delivered to customers have run below production of late, spurring the company to cut prices. Most promising was a presentation showing manufacturing and battery improvements reducing the cost of a “next gen vehicle” by 50%. A mere $5,000 in absolute gross profit, though, would leave little room for research and development and other operating expenses, which ran to $4,545 per car delivered last quarter. Still, Musk pulled off the seemingly impossible before when ramping up the Model 3, a messy slog he dubbed “production hell” at the time. After an opening presentation focused on the broad viability of transitioning the world to sustainable energy, Musk and fellow executives outlined goals to streamline production, reduce manufacturing costs by half and scale up energy storage products.

☆ Elon Musk unveiled Tesla's 'Master Plan 3,' hinted at new cars, and confirmed the company's push into Mexico during Tesla's first-ever Investor Day
▼ + stars: | 2023-03-02 | by ( Grace Kay | Samantha Delouya | ) www.businessinsider.com time to read: +4 min

Elon Musk debuted his "master plan" during Tesla's first-ever Investor Day presentation. The factory will be located "near Monterrey," according to Musk, who reiterated that Tesla plans to expand production at all of its factories. The news was confirmed during Tesla's first-ever Investor Day at the company's Austin Gigafactory, where Musk unveiled Tesla's "third master plan." In the past, Musk has said Tesla eventually plans to sell an electric car for about $25,000. Musk initially unveiled the truck in 2019 and has since pushed back the production timing 3 times, according to Reuters.

☆ Tesla plans to offer a $30 monthly subscription for unlimited overnight home charging. It will launch in Texas because the windy nights help generate power.
▼ + stars: | 2023-03-02 | by ( Kate Duffy | ) www.businessinsider.com time to read: +2 min

Elon Musk's Tesla plans to offer unlimited overnight home charging for $30 per month to Texans. Texas has a lot of wind at night, which serves as energy, Drew Baglino said at Tesla's Investor Day. The $30 monthly subscription comes as part of Tesla Electric. And in Texas, the wind blows at night," Baglino said. Baglino presented data from the company's virtual Tesla Electric powerplant in South Australia, which served 5,000 customers in 2022.

☆ Elon Musk expected to outline more affordable EV and new Tesla 'Master Plan'
▼ + stars: | 2023-03-01 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +3 min

Capturing the mass market is critical to Tesla's goal of increasing deliveries 15-fold - to 20 million vehicles - by 2030. Musk could also describe plans to update the company's best-selling vehicles, after Reuters revealed its "Project Jupiter" plan to revamp its Model Y SUV. The Investor Day event will be webcast from Tesla's Texas factory and is scheduled to start at 4 p.m. EST (2100 GMT). Musk also is set to announce the company's "Master Plan 3" for a "sustainable energy future." It would be the company's first factory outside of the United States, Germany and China, and Musk is expected to provide more details on Wednesday.

☆ Elon Musk presents Tesla 'Master Plan 3' with emphasis on sustainable energy
▼ + stars: | 2023-03-01 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

Electric vehicle maker Tesla laid out its long-term vision at a 2023 Investor Day presentation in Austin, Texas, on Wednesday. CEO Elon Musk took the stage to share his "Master Plan 3," and to discuss how Tesla plans to scale up in the face of increasing competition. Musk said, "Earth can and will move to a sustainable energy economy, and will do so in your lifetime." To start, Musk was joined on stage by Senior Vice President of Powertrain and Energy Engineering at Tesla, Drew Baglino. Tesla shares have rebounded from declines during 2022, and are up more than 60% for the year so far.

☆ Musk's plan for a cheap Tesla car is what fans hope to hear this week
▼ + stars: | 2023-02-27 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +4 min

This week, fans hope, he will explain what he has in mind - and perhaps how he can afford to build it. A recent Tesla engineering video showed a small car with typical Tesla curves that was assumed by company watchers to be a Model 2 sketch. Battery production also is an issue. Batteries are also likely to figure in Musk's plans for a "fully sustainable energy future" outside the car. He may also discuss solar power generation and battery energy storage - which he has said are two other pillars to a sustainable energy future.

☆ Premarket stocks: How oil and gas companies think about their shareholders
▼ + stars: | 2023-02-21 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

Two days later, a report found that the soaring energy prices could push 141 million people worldwide into extreme poverty. High prices have swelled profits for energy companies, leaving them flush with cash. Commitment to shareholders has certainly helped bolster stock prices — the S&P 500 ended 2022 down nearly 20%, while the energy sector grew by about 60%. And how do companies navigate appeasing shareholders who want immediate profit while also thinking about ways to invest in sustainable energy? GDP, inflation and retail earnings: What investors are watching this week▸ Investors have a busy week of new data readings ahead of them.

☆ Factbox: Tesla CEO Musk signals Part 3 of Master Plan is ready
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: +3 min

[1/2] Elon Musk attends the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. PART I (2006) - THE SECRET TESLA MOTORS MASTER PLAN (JUST BETWEEN YOU AND ME):BUILD SPORTS CAR AND AFFORDABLE EVsBefore Tesla put out its first production car, Musk set expectations for three: a sports car, a cheaper four-door family car and an even more affordable third model. The plan was unveiled in 2006 and the first model, the Roadster sports car, rolled out in 2008 at a price of $89,000. Musk had first estimated in 2015 that Tesla vehicles would be able to drive themselves by 2018. But Tesla is yet to unveil a detailed plan for its ride-sharing and robotaxi services.

[1/3] Elon Musk attends the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. The plan was unveiled in 2006 and the first model, the Roadster sports car, rolled out in 2008 at a price of $89,000. Musk had first estimated in 2015 that Tesla vehicles would be able to drive themselves by 2018. ENABLE CAR TO MAKE MONEYHe said consumers will be able to summon their self-driving Teslas from anywhere. Last year, Musk said Tesla expects to mass-produce a robotaxi with no steering wheel or pedal by 2024, after missing his targets for self-driving vehicles multiple times.

As part of this effort, White House officials said, they locked a commitment from Tesla to open thousands of its chargers to electric vehicles made by other manufacturers. Tesla has intended to open up its charging network in the US for years. But in one omission that will raise questions from staunch environmentalists, the new federally funded EV chargers will not necessarily be powered by clean energy sources. According to environmental impact research by Project Drawdown, compared to gasoline-powered vehicles, emissions drop by 50% when an electric vehicle's power is drawn from the conventional grid. During the briefing, Energy Secretary Jennifer Granholm emphasized that the President's goal is to get to a "fully clean electric grid" by 2035.

☆ Tesla stock is having a dominant start to 2023 and retail investors are loving it
▼ + stars: | 2023-02-10 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Not that Elon Musk really needs more attention, but his company's stock warrants a look for a very successful six-week stretch. Last year, Tesla drew headlines for its roughly 65% stock decline. Bank of America strategists have forecasted that the move can ultimately boost sales volume, and Wedbush gave Tesla stock a 35% upside. And according to Vanda Research, retail investors' bullishness for Tesla is driving a FOMO Tesla trade that has pushed inflows from the cohort into the stock market at levels not seen since 2020. Alibaba stock price on Feb.10, 2023 Markets Insider10.

☆ Bill Gates says he isn't a hypocrite for using a private jet
▼ + stars: | 2023-02-09 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +3 min

Bill Gates was asked whether his private jet makes him a "hypocrite" while funding climate innovation. Gates disagreed, saying he pays for carbon offsets and his jet helps further his climate fundraising. Gates was asked in an interview with the BBC in Kenya what his response would be to someone who would call him a hypocrite for being a "climate change campaigner" while also flying "around the world in a private jet." On Reddit, the Microsoft cofounder has said his private jet is his "guilty pleasure" and his "big splurge." "That is too difficult," Gates told Bloomberg's Zero podcast.

☆ Elon Musk says 'the future is bright' for Tesla as he gets ready to charm disgruntled shareholders at its investor day
▼ + stars: | 2023-02-08 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

Elon Musk said Tesla's "Master Plan 3" will focus on a "fully sustainable energy future for Earth." Its "master plan", which will be unveiled on Tesla's Investor Day, comes at a time when shareholders are at odds with Musk. "Master Plan 3, the path to a fully sustainable energy future for Earth will be presented on March 1," he said. Musk first posted a master plan in 2006, that sought to outline ambitions to build an affordable electric sports car. News of the "Master Plan 3" comes as Tesla shareholders grow concerned of Musk being distracted by his acquisition of Twitter.

☆ Elon Musk to unveil Tesla's 'Master Plan 3' at first investor day
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +1 min

[1/2] Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, U.S. January 27, 2023. REUTERS/Jonathan ErnstFeb 8 (Reuters) - Tesla Inc (TSLA.O) Chief Executive Elon Musk will reveal the third part of the electric vehicle (EV) maker's "Master Plan" when the company holds its first investor day on March 1. Musk's Master Plans lay out a path for Tesla to hit specific targets that he sets for the world's most valuable automaker. "Master Plan 3, the path to a fully sustainable energy future for Earth will be presented on March 1," Musk tweeted on Wednesday. In the second part of his Master Plan, Musk said he wanted to expand the EV product line to address all major segments and develop self-driving capability that is 10 times safer than human driving.

☆ Meet Gautam Adani, the Indian industrialist who started 2023 worth almost as much as Elon Musk, but whose wealth has plummeted rapidly
▼ + stars: | 2023-01-31 | by ( Grace Dean | ) www.businessinsider.com time to read: +6 min

Gautam Adani's wealth has fallen by more than a quarter over the first month of 2023. Adani founded the Adani Group, which was the target of a bombshell report by a short seller. Adani is founder and chairman of the Adani Group, a multinational conglomerate with businesses spanning energy, mining, ports, and airports. A report by Hindenburg Research, an investment-research firm and short seller, was the catalyst for the downwards spiral of Adani's wealth. According to Bloomberg, he holds close to 75% stakes in Adani Enterprises, Adani Power, and Adani Transmissions.

☆ Top U.S., Chinese and Russian officials tour Africa as global charm offensive gathers pace
▼ + stars: | 2023-01-31 | by ( Elliot Smith | ) www.cnbc.com time to read: +12 min

Janet Yellen, US Treasury secretary, during a news conference with Enoch Godongwana, South Africa's finance minister, at the National Treasury in Pretoria, South Africa, on Thursday, Jan. 26, 2023. Yellen met with South African officials including President Cyril Ramaphosa last week, just days after the country's Foreign Minister Naledi Pandor stood alongside Lavrov and vowed to strengthen bilateral relations between Pretoria and Moscow. South Africa was one of 17 African nations to abstain from the U.N. vote in March to condemn Russia's war of aggression. As such, many African nations desire a strong relationship with both the U.S. and China, and U.S. diplomacy will be more effective when not framed as an "us-or-them" proposition. What's more, the BRI projects were "largely uncoordinated and unplanned," he said, with competing Chinese lenders offering credit to African nations, challenging the notion of a coherent centralized "debt trap" policy from Beijing.

☆ Businesses, not governments, will need to lead the transition to clean energy, executives say
▼ + stars: | 2023-01-27 | by ( Josée Rose | ) www.businessinsider.com time to read: +6 min

The transition to clean energy isn't a choice, executives told Insider. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. Motsinger said the move to sustainable business practices, infrastructure, supply chains, and products couldn't wait for the government to mandate such moves. Fitzgerald added that it's key to develop trust among all sides so that businesses could roll out new technology. Once we have safe, reliable, and affordable options in those areas, Fitzgerald said attention might turn to areas considered harder to decarbonize — processes like steelmaking, cement production, and construction.

☆ Meet Brian Sodre, the Florida developer using prefab technology to replace hurricane-ravaged Fort Myers homes with 750-square-foot tiny fortresses
▼ + stars: | 2023-01-19 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +4 min

Brian Sodre is helping Fort Myers, Florida, rebuild with prefabricated tiny homes. prefabricated tiny homes. Sodre says prefab tiny homes can ease the housing-affordability crisis in Fort Myers and beyond. Courtesy of Brian SodreMiniopolis is already set to build eight different made-to-order homes in the Fort Myers area. The typical home in Fort Myers goes for nearly $397,000, up 16.7% from the same time last year, according to Realtor.com .

☆ A flurry of environmental tax breaks just came into effect thanks to last year's climate bill. From solar to electric vehicles, here's how you could save thousands of dollars.
▼ + stars: | 2023-01-08 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +5 min

The bill includes tax credits for electric vehicles, solar panels, and home energy updates. At that price, the claimable tax credit would be $6,000. The tax credit for solar is set to last until 2032, at which point it will lower and then expire in 2035 unless Congress renews it. As of January 1, a household can claim a tax credit of up to $150 for an energy audit conducted by a professional inspector. Buying an electric vehicleIncentives to purchase new or used electric vehicles were also boosted in the new climate bill.

☆ Tesla's China head Tom Zhu takes over sales in North America- Electrek
▼ + stars: | 2023-01-03 | by ( ) www.reuters.com time to read: +1 min

Jan 2 (Reuters) - Tesla Inc's (TSLA.O) head of China, Tom Zhu, has taken over responsibilities for sales, service and deliveries in North America, Electrek website reported on Monday, citing sources familiar with the matter. Zhu's official title remains vice president in charge of Asia/Pacific, according to the report on the U.S. website dedicated to news on electric transportation and sustainable energy. Under Zhu's leadership, Tesla Shanghai rebounded strongly from lockdowns this year to bring Tesla close to its target for 2022 of 50% production growth. Tesla's stock fell 65% in 2022, its worst year since going public in 2010. Reporting by Urvi Dugar in Bengaluru; Additional reporting by Akanksha Khushi; Editing by Howard GollerOur Standards: The Thomson Reuters Trust Principles.

☆ Wall Street names these 20 Club stocks as top picks for 2023. Here's the list and our takes
▼ + stars: | 2022-12-29 | by ( Paulina Likos | ) www.cnbc.com time to read: +16 min

Club take: We've pared back our position in AMD this year as the semicondcutor company worked through its inventory correction. The company has to do more in terms of managing its costs, but it will likely be a priority in 2023. Analysts described growth outlooks in these segments as "robust" and expect them to drive revenue growth and margin expansion. BofA calls the Club stock a "top tier operator" and expects the company to grow revenue in the coming year despite fears of an economic downturn. Analysts expect to see strong data center growth next year, a business they said could reach $20 billion by 2023.

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