Tesla (TSLA) Q2 vehicle deliveries and production numbers

Tesla shares jumped 10% on Tuesday after the company posted second-quarter vehicle production and deliveries numbers that beat analyst expectations. Here are the key numbers: Total deliveries Q2 2024: 443,956 vehicles Total production Q2 2024: 410,831 vehicles Analysts expected Tesla deliveries to hit 439,000 in the three months ending June 30, according to a consensus of estimates compiled … Read more

FDA approves Eli Lilly Alzheimer’s drug donanemab

A sign with the company logo sits outside of the headquarters campus of Eli Lilly and Company on March 17, 2024 in Indianapolis, Indiana. Scott Olson | Getty Images The Food and Drug Administration on Tuesday approved Eli Lilly‘s Alzheimer’s drug donanemab, expanding the limited treatment options for the mind-wasting disease in the U.S. The … Read more

GM Q2 2024 auto sales: Best since 2020

DETROIT — General Motors reported its best quarterly sales in more than three years, including notable increases in full-size pickup trucks and all-electric vehicles. The Detroit automaker on Tuesday reported sales of 696,086 for the second quarter, up 0.6% from a year earlier and its highest quarterly units sold since the fourth quarter of 2020. Its … Read more

Powell says Fed has made ‘quite a bit of progress’ on inflation but needs more confidence before cutting

U.S. Federal Reserve Bank Chair Jerome Powell announces that interest rates will remain unchanged during a news conference at the Federal Reserves’ William McChesney Martin building on June 12, 2024 in Washington, DC.  Kevin Dietsch | Getty Images Federal Reserve Chair Jerome Powell expressed satisfaction Tuesday with the progress on inflation over the past year … Read more