Yahoo Finance's Brian Sozzi shares his stat of the day, which is that average auction bids for Ford's F-150 and Rivian's electric pickup truck are double the price of a Tesla and the overall EV market.
President Joko Widodo said Indonesia wants a "huge ecosystem of electric cars" and not just be exploited for its natural resources. He also said Indonesia was considering imposing a tax on nickel exports this year to boost revenues. Indonesian officials have said the company has struck deals worth about $5 billion to buy nickel products from the resource-rich country.
(Bloomberg) -- Tesla Inc. and SAIC Motor Corp. told Shanghai’s government they may have difficulty maintaining production if a power crunch in Sichuan continues to impact suppliers, people familiar with the matter said, prompting city officials to ask the southwestern province if it could prioritize electricity for the carmakers’ suppliers.Most Read from BloombergApple Targets Sept. 7 for iPhone 14 Launch in Flurry of New DevicesCovid’s Harmful Effects on the Brain Reverberate Years LaterBiden C