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Tesla posted another record quarter for the three months to June 30, it said on Sunday. Tesla posted another record quarter for both production and deliveries in the three months to June 30. The second quarter figures are not far off double the tallies for the same period last year. Analysts at Wedbush Securities said the delivery figure was a "massive step in the right direction" for Tesla. Tesla reports its second quarter results and will hold an investor call on July 19.
Persons: Tesla, Dan Ives, Alexa St, John, It's, Ford, Tesla's, Insider's George Glover, Beatrice Nolan Organizations: Morning, EV, Street, Wedbush Securities, Tesla, Alexa, General Motors, Tesla's
A new strain of bird flu, also known as avian influenza, is spreading across the US. Bill Powers with his flock of white turkeys, kept under shelter to prevent exposure to bird flu, on November 14, 2022 in Townsend, Delaware. And we now have the highest amount of poultry loss to avian influenza, so this is a worst-case scenario," she added. Last week the US Government started testing four new bird flu vaccines to try and protect the poultry from this mass outbreak, per Reuters. Markets are in troubleFarmers and the markets are being hit hard by the ravages of avian flu.
Japan culled over 17 million chickens this season amid its worst bird flu outbreak ever, per NHK. As a result, egg prices soared in Japan, prompting some restaurants to suspend sales of egg-based items. However, not all of them have enough capacity to incinerate so many carcasses, according to another NHK report in October. The mass culling of so many chickens over bird flu impacts food prices. It's not just Japan as there's an ongoing bird flu outbreak globally that's affecting the poultry industry — and in turn egg prices.
Tesla published its Q1 production and deliveries data Sunday, reporting a record number of deliveries. The electric vehicle manufacturer reported production of about 440,000 vehicles, and just under 423,000 vehicle deliveries, the closest figure to sales that Tesla reports, in the first quarter. The car maker fell short of analyst expectations from FactSet — an average of 432,000 deliveries reported Friday — cited in the Wall Street Journal and CNBC. The Treasury Department also recently released new regulations for electric vehicle tax credits, which are set to go into effect later this month. They could impact the demand and affordability for Teslas and other electric vehicles as certain models become ineligible for $7,500 tax credits.
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