Tesla (TSLA) has reported record third quarter shipments from its Shanghai factory in China, marking a 19% year-over-year increase. Vehicle deliveries have also risen for the third consecutive month in the region. This surge in sales is attributed to a Chinese government subsidy program that incentivizes individuals to trade in their used vehicles for electric vehicles (EVs). Catalysts Co-Hosts Seana Smith and Madison Mills break down the details. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith
The Justice Department considers asking for a breakup of Google, while Boeing withdraws its recent offer to the union and its credit rating is at risk of being downgraded to junk status.
Investors appear to be keeping their powder dry ahead of Thursday's long-awaited robotaxi event.